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【$EDGEUSDT】The data this wave doesn't add up, deep analysis breakdown
$EDGE Four-hour volume surged 15.36 million, yet open interest remained completely flat, typical of in-market funds trading against each other to pump the price. One-hour RSI surged to 77, price pierced directly through the Bollinger upper band, buy-side discontinuity signals have already appeared. Order book data is even more revealing - sell walls concentrated above 0.8333, buy-side depth stacked extremely thick below 0.83, the main force's intent to prop up the price is too obvious. This kind of hard pump during regular intraday fluctuation periods is often preparation for subsequent distribution.
Direction: Short
Entry/Order: Short directly near current price 0.833, aggressive traders can place orders at 0.838 to add position
Stop loss: 0.8425
Target 1: 0.795
Target 2: 0.78
Trade management: After reaching first target, move to breakeven, with remaining position targeting second target. Risk-reward ratio close to 4:1, this trade is worth trying.
View live chart 👇 $EDGE
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