$EDGEN Perp – Short Position at High Risk

EDGEUSDT Perp is trading at 0.3982, with a short position showing -62.00% ROI at 9.54x leverage. The entry price is 0.3300, and the estimated liquidation price is 0.4332. The mark price is dangerously close to liquidation. If EDGE rises to 0.4332, this position will be liquidated. The risk ratio is 14.87%. This trade is extremely risky due to the high leverage and the asset's volatility. EDGE has seen significant upward movement, and the short position is underwater. A reversal toward 0.35 is needed for the trade to recover.

Key levels:

Support: 0.35

Resistance: 0.43

Entry zone: 0.38 - 0.39 if support holds

Target 1: 0.35

Target 2: 0.33

Stop loss: above 0.43

Not financial advice. Always do your own research.

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