$EDU /USDT Bullish Momentum Building #EDU has shown significant upward movement, surging strongly within the last trading session. With its RSI moving into the overbought zone, buyers are currently in control. However, traders should remain cautious as overbought conditions may signal a potential pullback.
Key Levels to Watch
Support
$0.5400: Immediate support to monitor in case of a minor pullback.
$0.5250: Key support to sustain the bullish momentum.
Resistance
$0.5650: Immediate resistance; a breakout above this could extend the rally.
$0.5800: Strong resistance that may indicate a potential overextension if breached.
Suggested Strategy
For Long Positions
Entry: Near $0.5500 with a stop-loss at $0.5350.
Targets: $0.5650 and $0.5800.
For Short Positions
Entry: Below $0.5400 targeting $0.5250, with a stop-loss at $0.5550.
Market Insights
EDU’s breakout from consolidation indicates robust buying interest. Traders should carefully monitor volume and price action near resistance levels to assess the sustainability of this rally. Tight risk management is crucial in such volatile conditions.