Analysis: 
EDGE faced rejection at $0.0680 (Fib 0.786) on the 4H chart, forming a bearish engulfing candle. RSI is overbought at 72, signaling a potential pullback to $0.0620 (50-period EMA). Volume is fading post-rejection, indicating weak bullish momentum.
Trade Setup:
Entry: $0.0675 (below engulfing low)
Stop Loss: $0.0685 (above resistance)
Take Profit: $0.0630–$0.0620
Risk-Reward: 1:2
Note: Look for a 4H bearish confirmation candle. Scalp cautiously in choppy markets. #EDGE #Bearish #Reversal
EDGE faced rejection at $0.0680 (Fib 0.786) on the 4H chart, forming a bearish engulfing candle. RSI is overbought at 72, signaling a potential pullback to $0.0620 (50-period EMA). Volume is fading post-rejection, indicating weak bullish momentum.Trade Setup:
Entry: $0.0675 (below engulfing low)
Stop Loss: $0.0685 (above resistance)
Take Profit: $0.0630–$0.0620
Risk-Reward: 1:2
Note: Look for a 4H bearish confirmation candle. Scalp cautiously in choppy markets. #EDGE #Bearish #Reversal
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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.