EDGEUSDT: liquidity sweep before bullish reaction

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EDGEUSDT: liquidity sweep before bullish reactionEDGEUSDT Perpetual ContractBYBIT:EDGEUSDT.P3CommasThe Macro Picture πŸ—ΊοΈ EDGEUSDT has spent the past two weeks tracing the textbook post-capitulation path β€” vertical crash on June 2–3, failed base attempt at $0.40–$0.50, methodical bleed into $0.35 as sellers compounded pressure on every retest. The structure has now arrived at the high-confluence decision pocket: the $0.32 capitulation wick sits directly below current price, and RSI has been pinned at oversold extremes (~22) for over a week without a single divergent push. This is where post-capitulation cycles either extend into deeper liquidity or reverse, and the conditions for reversal are now stacked. Each leg lower has been smaller than the last, the moving average has rolled over into price, and the dead-air pocket between $0.32 and $0.40 holds the trapped supply that fuels relief rallies. The Setup βš™οΈ The Sweep: A final flush into the $0.28–$0.32 pocket would clear the remaining stops parked beneath the capitulation wick and reset positioning to maximum-oversold β€” the structural signature of a tradable bottom rather than a continuation low. The Reaction: Once the sweep absorbs the last of the desperate selling, structural buyers regain leverage and the path of least resistance flips back into the broken band, where every retest of lower levels through June has trapped late shorts. The Trigger: A clean daily close above $0.38 confirms the reversal and opens the dead-air pocket toward $0.40, where the broken base floor is now defended as overhead resistance from below β€” the first major reclaim target for the bullish reset. The Roadmap: Primary target sits at $0.40 β€” once the sweep resolves higher, the white projection traces a choppy multi-leg recovery through the empty zone between $0.32 and $0.40, where no defended supply exists to slow the bounce. Invalidation: a sustained daily close below $0.28 would invalidate this reaction thesis and reopen the deeper $0.20 extension as the next downside destination.