USDT/USDT Trading Strategy: Learning from Charts📊🎯
Current price: 0.6103 USDT (-7.53% down) — EDU is in a downtrend. Is it time for a recovery, or are we heading for more losses?
🔑 Key levels to watch
Support: 0.5836 USDT (24-hour low) — a crucial area to hold for a recovery.
Resistance: 0.6618 USDT (24-hour high) — a key breakout level for bullish momentum.
📊 Market Insights
24 hour trading volume:
EDU: 7.21 million — good trading interest.
USDT: 4.49 million — enough liquidity to move.
Depth analysis:
Selling pressure: Resistance near 0.6200 USDT (2.35%).
Support: Some buyers around 0.5967 USDT (0.94%).
🎯 Bullish Strategy: Betting on the Return
1. Entry: Buy near 0.6000 - 0.6100 USDT if support holds.
2. Objectives:
🎯 Target 1: 0.6300 USDT — Fast bounce level.
🎯 Target 2: 0.6450 USDT — Testing intermediate resistance.
🎯 Target 3: 0.6618 USDT — Full recovery to 24-hour high.
3. Stop Loss: 0.5850 USDT — limit downside risk.
Bearish Strategy: Sell Short on a Dip
1. Entry: Short sell if EDU drops below 0.5900 USDT.
2. Objectives:
🎯 Target 1: 0.5700 USDT — immediate bearish zone.
🎯 Target 2: 0.5500 USDT — deeper support level.
3. Stop Loss: 0.6150 USDT — Protection from sudden reversals.
Trading Tips
Watch the volume: Increased volume near support or resistance can confirm the trend.
Market Sentiment: News or updates regarding EDU can affect the price.
Risk Control: Stick to stop loss and targets for smart trading.
