EDUUSDT: Bearish Rejection Signals Potential Continuation LowerEDUUSDT has lost bullish momentum after rejecting a key resistance zone and failing to hold above recent support. Following the sharp rally, price has entered a consolidation phase before rolling over, suggesting buyers are losing control while sellers begin to regain dominance.
The current structure favours the bears, with price continuing to print lower highs beneath resistance. As long as 0.03398 remains intact, the probability favours a move lower toward 0.03201. A decisive breakout above resistance would invalidate the bearish outlook and indicate renewed buying strength.
Trade Setup
Entry: 0.03345
Target: 0.03201
Stop Loss: 0.03398
I'll remain bearish while price trades below 0.03398, targeting a continuation toward 0.03201. A confirmed close above the stop-loss level would invalidate this trade idea.
Short
