Analysis: 
EDGE was rejected at the 50-period EMA ($0.0655) on the 4H chart, forming a bearish pinbar. RSI is at 50, and MACD is crossing bearish. A move lower could test $0.0610 (Fib 0.618). Volume is low, suggesting weak buying pressure.
Trade Setup:
Entry: $0.0648
Stop Loss: $0.0660 (above EMA)
Take Profit: $0.0620–$0.0610
Risk-Reward: 1:2
Note: Confirm with a 4H bearish candle. Use tight stops for this quick trade. #EDGE #EMA #Short
EDGE was rejected at the 50-period EMA ($0.0655) on the 4H chart, forming a bearish pinbar. RSI is at 50, and MACD is crossing bearish. A move lower could test $0.0610 (Fib 0.618). Volume is low, suggesting weak buying pressure.Trade Setup:
Entry: $0.0648
Stop Loss: $0.0660 (above EMA)
Take Profit: $0.0620–$0.0610
Risk-Reward: 1:2
Note: Confirm with a 4H bearish candle. Use tight stops for this quick trade. #EDGE #EMA #Short
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.