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๐จ ๐ฆ๐๐ข๐ฅ๐ง ๐๐น๐ฒ๐ฟ๐ ๐ผ๐ป $๐๐๐๐
Trend shows a sharp bearish breakdown with the price currently struggling to reclaim key EMA resistance levels following a significant drop. Full breakdown below ๐งต๐
๐ Direction: SHORT | Asset: EDGE/USDT
๐ฏ Entry: 0.7500 โ 0.7700 (on failure to flip EMA9/21)
๐ SL: Above 0.8100 structure
๐ฐ TP1: 0.6500
๐ฐ TP2: 0.5500
โ๏ธ R/R: Approx. 2.4R
๐ Score: 78/100
๐ The_Pro Breakdown
HTF POI: 0.7556 (EMA9) and 0.7978 (EMA21) acting as immediate overhead resistance.
LTF Confirm: Price is trading at 0.7528, below the EMA9 (0.7556) and EMA21 (0.7978). MACD shows the DIF (-0.0418) is still below the DEA (-0.0732), though momentum is attempting to consolidate.
Entry Zone: 0.7500 โ 0.7700 range, looking for a rejection at the EMA9/21 confluence to continue the primary downtrend.
Target Liquidity: Initial move toward the recent 0.3270 low, with a primary objective of testing previous support levels if selling pressure persists.
๐ง Let the chart speak
โ ๏ธ DISCLAIMER: Market structure analysis onlyโnot financial advice or a signal. Setups are time-sensitive and may become invalid within 1 hour due to rapid price movement.
$EDGE

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