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【$EDGE Signal】Pullback to go long / 1H breakthrough confirmation
$EDGE 1H timeframe saw a spike and then a pullback; the current price is 1.1483. The 4H Bollinger Bands are fully open, and the price has moved above the upper band. MACD is still showing a bullish crossover above the zero line and continues to spread. The 1H RSI has touched 79.99. Although it’s in a high zone, it has not dulled. The bid depth in the 1.146-1.147 area is unusually thick, and the intention to support with capital is clear.
🎯Direction: Long
⚡Entry/Place orders: Split entries to lay in the 0.9087 - 0.9321 range
🛑Stop Loss: 0.8195
🚀Target 1: 1.3826
🚀Target 2: 1.6078
🛡️Trade management:
- Execution strategy: After reaching Target 1, reduce the position by 50%, and move the stop loss up to the break-even level. If the price drops back to the entry level, automatically exit to protect principal.
The position size remains stable and has not surged along with the price spike, indicating it is not driven purely by leverage. On the 1-hour timeframe, the MACD histogram is still expanding, meaning the long momentum has not run out. The order book shows sell orders starting to stack up above 1.149, but buy orders are more densely concentrated on the lower side. This structure is favorable for the price to continue pushing higher after a brief digestion. The current risk-reward ratio is close to 4, and the odds are appropriate.
View real-time market 👇 $EDGE
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#Gate广场四月发帖挑战 #三月非农数据来袭 #加密市场行情震荡