🟢 EDGE/USDT: Looking for an entry point on a retest of the trend zone 📊
After a powerful impulsive rise to $0.4472, the asset $EDGE made a predictable, gradual pullback. The price is currently trading around $0.3778, moving toward strong dynamic support—the EMA(99) moving average, which is around $0.3668. Another argument in favor of the bulls is the strong oversold signal on lower timeframes (StochRSI in the deep oversold zone, with buyers poised for a reversal; RSI(6) at around 21.5). This creates excellent conditions for looking for bounce entries.
Trading plan: Main scenario — LONG 🟢
➡️ Entry points:
Aggressive: $0.3700–$0.3750 (current levels, aiming to hold the zone).
Conservative: $0.3660–$0.3680 (a direct test of the EMA(99) line with confirmation of a bounce).
Stop-loss: $0.3520 (a close below key support and the purple EMA(99) line will invalidate the long scenario).
🎯 Targets:
Target 1: $0.4020 (+7.2% from the conservative entry)
Target 2: $0.4250 (+13.3%)
Target 3: $0.4470 (+19.2% — a new local high)
Trade 👉$EDGE
After a powerful impulsive rise to $0.4472, the asset $EDGE made a predictable, gradual pullback. The price is currently trading around $0.3778, moving toward strong dynamic support—the EMA(99) moving average, which is around $0.3668. Another argument in favor of the bulls is the strong oversold signal on lower timeframes (StochRSI in the deep oversold zone, with buyers poised for a reversal; RSI(6) at around 21.5). This creates excellent conditions for looking for bounce entries.
Trading plan: Main scenario — LONG 🟢
➡️ Entry points:
Aggressive: $0.3700–$0.3750 (current levels, aiming to hold the zone).
Conservative: $0.3660–$0.3680 (a direct test of the EMA(99) line with confirmation of a bounce).
Stop-loss: $0.3520 (a close below key support and the purple EMA(99) line will invalidate the long scenario).
🎯 Targets:
Target 1: $0.4020 (+7.2% from the conservative entry)
Target 2: $0.4250 (+13.3%)
Target 3: $0.4470 (+19.2% — a new local high)
Trade 👉$EDGE
