$EDGE Brief 50x | Supply zone reached, invalidation determined.
Trading plan:
- Entry: 0.59024 – 0.59379
- TP1: 0.57922 (R:R 1:0.8)
- TP2: 0.57069 (R:R 1:1.3)
- TP3: 0.55789 (R:R 1:2.0)
- SL: 0.60908
Why this setup?
- The short remains strategically positioned: 4h holds firmly while price oscillates between 0.59024–0.59379 around 0.59202.
- RSI on 15m at 46 indicates neutral momentum, allowing a possible move downward and keeping the setup viable.
- Volume shows 0.96x: against the expected 41.33K traded, 39.82K were actually traded, confirming real activity on the sell side.
Trading plan:
- Entry: 0.59024 – 0.59379
- TP1: 0.57922 (R:R 1:0.8)
- TP2: 0.57069 (R:R 1:1.3)
- TP3: 0.55789 (R:R 1:2.0)
- SL: 0.60908
Why this setup?
- The short remains strategically positioned: 4h holds firmly while price oscillates between 0.59024–0.59379 around 0.59202.
- RSI on 15m at 46 indicates neutral momentum, allowing a possible move downward and keeping the setup viable.
- Volume shows 0.96x: against the expected 41.33K traded, 39.82K were actually traded, confirming real activity on the sell side.