$EDGE long: buyers need to defend 0.400 on the 4H
This is the shelf that has to do the work. I'm watching for a hold here, not a chase into green candles.
Why this level:
- 4H price 0.401 below EMA50 0.465, a bounce attempt under the trend
- Risk 2.9% to SL vs 4.6% to TP3, about 1.6R if the full move plays out
- BTC short-term trend bearish, so the level has to do the work
🟢 LONG · Entry 0.4000–0.4014 · TP 0.4076 / 0.4121 / 0.4190 · SL 0.3892
Hold 0.400, or lose it into 0.389?
NFA · DYOR
This is the shelf that has to do the work. I'm watching for a hold here, not a chase into green candles.
Why this level:
- 4H price 0.401 below EMA50 0.465, a bounce attempt under the trend
- Risk 2.9% to SL vs 4.6% to TP3, about 1.6R if the full move plays out
- BTC short-term trend bearish, so the level has to do the work
🟢 LONG · Entry 0.4000–0.4014 · TP 0.4076 / 0.4121 / 0.4190 · SL 0.3892
Hold 0.400, or lose it into 0.389?
NFA · DYOR