$EDGE is approaching a supply zone where sellers may step in.
$EDGE has climbed from 0.269 to 0.3533 — a 31% gain. Price is now nearing a resistance level where sellers have previously dominated. RSI at 72 — overbought. Volume is moderate but slowing.
Trading Plan Short $EDGE
Entry: 0.350 – 0.355
SL: 0.362
TP1: 0.338
TP2: 0.320
TP3: 0.300
The recent recovery has carried price into a zone that previously acted as resistance. The structure still appears corrective. If sellers defend this area, we could see a rotation lower toward the liquidity resting beneath the recent swing lows.
#Semiconductor supply chain shifts #Fed rate cut expectations drop #US Bitcoin Reserve faces interagency clash #Yen carry trade intensifies
