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【$EDGE】Short Position, Massive Rally Followed by Stagnation/Buying Exhaustion/High Risk of Chasing
$EDGE 4-hour explosive rally of nearly 90%, but the latest candlestick closed with a long upper wick, showing obvious exhaustion in buying pressure. Trading volume plummeted from 1 billion level to 300 million, with a cliff-like decline in fund follow-through intent. This type of high-level consolidation after a sharp rally is often a signal of long profit-taking, with chase-high risk far exceeding potential gains.
🎯 Direction: Short🛑 Stop Loss: 0.6839 (above previous high)⚡ Entry: 0.651 - 0.653 (near current price)🚀 Targets: 0.630 / 0.612🛡️ Strategy: Light position probe, add shorts on rebounds.
View real-time charts 👇 $EDGE
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