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【$EDGE Signal】Pullback to buy, 1H level momentum repair
$EDGE 1H level MACD histogram re-expanding, price stabilizing above the middle band of Bollinger Bands.
4H level buying depth imbalance -30.72%, but price has not dropped sharply, indicating support from funds below.
Current price 1.3751, approaching the 1H Bollinger upper band at 1.3852, chasing high directly offers poor risk-reward.
🎯Direction: Pullback to go long
⚡Entry/Order: Within the 1.2804 - 1.3682 range, wait for the price to pull back near 1.32, and consider entering when the 1H RSI drops below 50.
🛑Stop loss: 1.1703
🚀Target 1: 1.5004
🚀Target 2: 1.6105
🛡️Trade management:
- Execution strategy: After reaching Target 1, reduce position by 50%, and move the stop loss to breakeven.
- If the price falls back into the entry zone, exit automatically to protect capital.
The 1H EMA20 and EMA50 are in a bullish alignment, and after the MACD golden cross, the momentum bars continue to expand, indicating a healthy short-term bullish structure.
Although the 4H MACD shows a death cross above the zero line, the histogram is contracting, which is a healthy correction within an uptrend.
Order book data shows thicker sell orders, but the price can stay at current levels, indicating active buying funds are still absorbing selling pressure.
In this structure, patiently waiting for a better entry point is more in line with risk control than chasing highs.
View real-time market 👇 $EDGE
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