$EDU
- Active long-term trading signal
The price of #EDU has sharply rebounded from $0.1333 and is now trading at $0.1461, showing strong upward momentum.
The breakout of the recent resistance level indicates buyer dominance, and further increases are likely if the momentum continues.
Entry Zone: $0.1450 - $0.1465
Stop Loss: $0.1410 (below the recent support level)
Target 1: $0.1495 - Near-term resistance
Target 2: $0.1530 - Previous high
Target 3: $0.1600 - Extended bullish target
Importance of this setup:
Strong rebound from the day's low with significant trading volume pressure
A clear bullish structure is forming on the hourly chart
The likelihood of re-testing recent high price levels if buying pressure continues
Risk Management:
Trade with 2-3% of your total capital. Move the stop loss to breakeven once target 1 is reached to lock in profits and reduce risk. Avoid over-leveraging in case of a sudden pullback.