Analysis: 
EDGE is hitting a descending trendline resistance at $0.0660 on the 1H chart. A bearish MACD crossover and RSI at 64 suggest weakening momentum. A rejection could push the price to $0.0610 (next support). Volume is flat, showing low buyer conviction.
Trade Setup:
Entry: $0.0655 (on rejection)
Stop Loss: $0.0665 (above trendline)
Take Profit: $0.0620–$0.0610
Risk-Reward: 1:2
Note: Enter on a bearish 1H candle at resistance. Monitor for quick reversals. #EDGE #Trendline #Bearish
EDGE is hitting a descending trendline resistance at $0.0660 on the 1H chart. A bearish MACD crossover and RSI at 64 suggest weakening momentum. A rejection could push the price to $0.0610 (next support). Volume is flat, showing low buyer conviction.Trade Setup:
Entry: $0.0655 (on rejection)
Stop Loss: $0.0665 (above trendline)
Take Profit: $0.0620–$0.0610
Risk-Reward: 1:2
Note: Enter on a bearish 1H candle at resistance. Monitor for quick reversals. #EDGE #Trendline #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.