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EDGE Breaks the 1.0 Barrier! Is this the final frenzy or the funeral of the bears?🚀
Currently, EDGE has gone all-in, with the 1-hour chart frantically rubbing along the trendline! The liquidation map shows a massive accumulation of short stop-loss orders around 1.011. For the main players, this is simply a feast within reach. Before this liquidity wave is absorbed, the rally may not be over yet!
But note that warnings of a top have appeared repeatedly around 0.97, and bullish momentum is being drained by high-level oscillations. Below, the 0.833 zone hides a huge long liquidation zone. If the trendline support breaks, the downside could be a cliff.
The current game has entered a heated phase—either the main force pushes the price above 1.0 to trigger short liquidations or high-level bulls step on the buyback gap at 0.86.
Trading strategy:
Watch the 1.0 resistance near the current price of 0.977. If it holds steady, aim for liquidation gains above 1.01.
If it breaks below the 0.95 support line, a rebound is a good opportunity to short, with the target directly at the 0.86 support zone!
In high-level trading, strictly set stop-losses. Don’t forget the risks amid the celebration!🔥
Expert tips: $EDGE #Gate广场四月发帖挑战