Analysis: 
EDGE broke below a rising wedge on the 1H chart at $0.0645, with a bearish MACD crossover. RSI is at 45, with downside potential to $0.0600 (next support). Volume spiked on the break, confirming bearish pressure.
Trade Setup:
Entry: $0.0643
Stop Loss: $0.0655 (above wedge)
Take Profit: $0.0610–$0.0600
Risk-Reward: 1:2
Note: Enter on a 1H bearish candle. Scalp cautiously in volatile conditions. #EDGE #Wedge #Bearish
EDGE broke below a rising wedge on the 1H chart at $0.0645, with a bearish MACD crossover. RSI is at 45, with downside potential to $0.0600 (next support). Volume spiked on the break, confirming bearish pressure.Trade Setup:
Entry: $0.0643
Stop Loss: $0.0655 (above wedge)
Take Profit: $0.0610–$0.0600
Risk-Reward: 1:2
Note: Enter on a 1H bearish candle. Scalp cautiously in volatile conditions. #EDGE #Wedge #Bearish
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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.