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【$EDGE Signal】Pullback to Long / Breakout Confirmation
$EDGE The 4H chart shows the price has already broken above the upper Bollinger Band, and the MACD histogram is still expanding, but on the 1H chart, there is a divergence between price and volume, with new highs in price but shrinking trading volume, indicating that buying momentum is temporarily slowing down.
🎯Direction: Long (Buy on pullback)
⚡Entry/Order: Enter in batches within the 0.993 - 1.019 range
🛑Stop Loss: 0.973
🚀Target 1: 1.199
🚀Target 2: 1.289
🛡️Trade Management:
- Execution Strategy: Reduce 50% of the position after reaching Target 1, and move the stop loss to break-even. If the price falls back into the entry zone, automatically exit to protect capital.
Order book depth shows buy orders are relatively dense around 1.092, providing initial support. The 1-hour RSI hovers around 71 and has not entered extreme overbought territory, so bulls still have room to gather strength. Open interest remains stable, and funds have not exited, suggesting this sideways movement after the rally is more about chip exchange than distribution. The risk-reward ratio is close to 4:1, making this position worth risking limited capital to bet on trend continuation.
Check real-time market 👇 $EDGE
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