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【$EDGE】Short, Volume Exhaustion After Single-Day Doubling/High-Level Consolidation
$EDGE Single-day surge of 93%, but the latest 4-hour candlestick shows a long upper wick, and trading volume plummeted from 100 million to 25,000, with buy-side momentum collapsing dramatically. Price is consolidating around 0.668, with heavy selling pressure overhead—a classic profit-taking signal from bulls. Current levels carry far greater risk than potential reward; waiting patiently for a meaningful pullback is more prudent.
🎯 Direction: Short ⚡ Entry: 0.668 - 0.672 🚀 Target: 0.627 🛑 Stop Loss: 0.699 🛡️ Strategy: Test short position with light size at resistance on rebounds; consider adding to position if it breaks below the prior low.
View live market 👇 $EDGE
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