EDGE is poised for a potential downturn, with a short setup emerging that warrants attention. The current market structure suggests a high-probability reversal could be on the horizon.

🔴 $EDGE SHORT 📉
Entry $0.381718-$0.382482 | SL $0.393563 (-3.0%) | TP1 $0.376368 (+1.5%) | TP2 $0.362995 (+5.0%) | R/R 1:1.7 | Conf 64%

This EDGE short setup is compelling due to a cluster of signals, including a clear market structure break, volume confirming direction, and a fair value gap that's formed - all of which are bolstered by the presence of an order block and a liquidity sweep. The overlap of the order block and fair value gap adds confluence to the potential reversal area, making this a trade worth considering. The combination of these factors paints a picture of a market ready to move against the current trend.

A 3.0% stop loss seems reasonable for this setup, suitable for a leverage of 2-3x, given the volatility of EDGE and the proximity of the stop to the entry point.

Taking partial profits at the first target could be a prudent move, allowing traders to lock in some gains while letting the remainder of the position ride out the potential larger move.

DYOR — this isn't financial advice, size your risk accordingly 🙏

$EDGE #EDGEUSDT #SMC #TradingSignals #Write2Earn