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【$EDGE】Short, Daily Surge Followed by High-Level Volume Stall
$EDGE surged nearly 100% in a single day, but the latest 4-hour candlestick closed with a long upper wick, showing obvious exhaustion in buying pressure. Order book depth is imbalanced, with sell orders stacking significantly more than buy orders. Funds are clearly being distributed at high levels.
Current risk-reward ratio is extremely poor. Chasing the rally is catching a falling knife.
🎯 Direction: Short 🛑 Stop Loss: 0.755 ⚡ Entry: 0.682 - 0.690 🚀 Target: 0.606 🛡️ Strategy: Short on any bounce, strict stop loss.
View live chart 👇 $EDGE
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