🚨 EDU/USDT: Open Campus at a Critical Juncture! Will it Bounce or Continue its Decline?

Market Outlook: Open Campus ($EDU) has been in a prolonged downtrend since its all-time high, and its price is currently in a consolidation phase near $0.1418, after a recent decline of -7.29% in the last 24 hours. The price is currently testing a crucial support zone, and the overall market sentiment is mixed. While there are signs of a potential short-term rebound from the lower boundary of a descending channel, the overall longer-term trend remains bearish.

💡 Futures Trading Plan (Neutral Stance):

🟩 Long Entry Trigger: Look for a confirmed breakout and candle close ABOVE the resistance level of $0.1500–$0.1520 on a higher timeframe (e.g., 4H or Daily) with significant volume. This could signal a potential reversal of the bearish trend.

💰Targets: $0.1550, $0.1600, and potentially towards $0.1700.

🛑Stop Loss: Below the immediate support at $0.1400.

🟥 Short Entry Trigger: Consider a short if the price breaks BELOW the crucial support level of $0.1400 with a closing candle on a higher timeframe. This would indicate a continuation of the downtrend.

💰Targets: $0.1350, and potentially lower toward the recent bottom near $0.1330.

🛑Stop Loss: Above the breakdown candle's high or around $0.1450.

Your Action Plan:

01 - Wait for Confirmation: EDU is at a pivotal point. Patience is crucial to wait for a clear, high-volume signal before committing capital. False breakouts are common in volatile assets.

02 - Use a Stop-Loss: Given the asset's history of volatility, a stop-loss is essential for managing risk and protecting your capital.

03 - Manage Your Risk: Do not over-leverage your position. Assess your risk tolerance and size your trades accordingly, especially in the futures market.

📢 What are your thoughts?

Vote: Do you think EDU will bounce from its support and push higher, or will the selling pressure continue?

Bounce and Recover 🚀

Further Decline 📉

Comment: Share your analysis below!