$EDGE Short 50x | Supply needs to hold firm or the thesis is void.
EDGE is now at the critical zone that sustains the bearish outlook. I’ve entered early, with this zone serving as our pivotal decision marker.
Trade Plan:
- Entry: 0.60070 – 0.60410
- TP1: 0.59040 (R:R 1:0.8)
- TP2: 0.58240 (R:R 1:1.3)
- TP3: 0.57040 (R:R 1:2.0)
- SL: 0.61840
Why this setup?
- The setup remains intact due to the 4h structure aligning with the range-bound 1D context at this key zone.
- RSI15 at 57 indicates neutral momentum, allowing for potential downside; I prefer sellers to utilize that space rather than merely graze it.
- Current volume stands at 4.00x, with 39.86K traded against 9.97K anticipated, highlighting genuine sell-side engagement.
Trade here 👇 and how do you see it: a disciplined short opportunity, or a setup for late sellers to get trapped?
EDUCATIONAL INFORMATION ONLY. NO ADVICE, OFFER, SOLICITATION, OR RECOMMENDATION. YOUR MOVE, YOUR RISK.
EDGE is now at the critical zone that sustains the bearish outlook. I’ve entered early, with this zone serving as our pivotal decision marker.
Trade Plan:
- Entry: 0.60070 – 0.60410
- TP1: 0.59040 (R:R 1:0.8)
- TP2: 0.58240 (R:R 1:1.3)
- TP3: 0.57040 (R:R 1:2.0)
- SL: 0.61840
Why this setup?
- The setup remains intact due to the 4h structure aligning with the range-bound 1D context at this key zone.
- RSI15 at 57 indicates neutral momentum, allowing for potential downside; I prefer sellers to utilize that space rather than merely graze it.
- Current volume stands at 4.00x, with 39.86K traded against 9.97K anticipated, highlighting genuine sell-side engagement.
Trade here 👇 and how do you see it: a disciplined short opportunity, or a setup for late sellers to get trapped?
EDUCATIONAL INFORMATION ONLY. NO ADVICE, OFFER, SOLICITATION, OR RECOMMENDATION. YOUR MOVE, YOUR RISK.
