【$EDGE Signal】Pullback to go long, healthy consolidation during the main upward wave

$EDGE 1H level rebounds and pulls back; price is building a platform around 1.10. The 4-hour Bollinger Bands are fully open, and the price is standing above the upper band—this is a typical characteristic after a strong breakout. Although the 1-hour MACD two lines are still sticking together at high levels, the histogram remains positive, meaning bullish momentum has not yet run out. The order book shows extremely thick pending buy orders below 1.10, making the capital’s support intention clear.

🎯 Direction: Long

⚡ Entry/Order placement: Layered setups in the 1.064 - 1.089 area

🛑 Stop loss: Below 1.062

🚀 Target 1: 1.195

🚀 Target 2: 1.495

🛡️ Trade management:
- Execution strategy: After the price touches the first target, move the remaining position’s stop loss up to the entry price. If the price cannot hold above 1.15, consider closing part of the profit early.

The position size remains stable amid sharp price fluctuations, indicating this is not merely retail traders chasing highs—there is institutional capital maintaining order in the market. The 1-hour RSI has healthy pullback from the overbought zone to 68, providing room for another push higher. The current risk-reward ratio is above 4, making the odds for this setup quite favorable. Liquidity is usually weaker during early weekend hours, but the thick buy-side order book depth is enough to withstand a small amount of selling pressure, waiting for an upward impulse.

Check real-time market 👇 $EDGE
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