$EDU has been in a prolonged downtrend on this 4H chart, sliding from well above $0.090 all the way down to the $0.040 area before making a sharp move higher, pushing up to nearly $0.090 before pulling back to where it sits now at $0.0757.
The $0.051 – $0.057 area is the support zone to watch on any continued pullback. That's where the move accelerated from and would be the natural level for price to come back and find its footing if the selling from the recent highs continues.
Holding above $0.051 – $0.057 keeps the push back toward the $0.082 – $0.090 resistance overhead on the table, which is where the prior downtrend was most active and remains the key zone to clear.
Losing that floor though puts price back in the range it was grinding through for most of the past month.
The move from the lows was sharp and significant but it happened against the backdrop of a longer-term downtrend. Until $0.082 – $0.090 is reclaimed and held convincingly, any bounce from support should be treated with caution rather than assumed as a full trend reversal.
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