$EDU Signal】1H level overbought, beware of a technical pullback


$EDU 1H level RSI skyrocketed to 87.9, price has broken above the upper Bollinger Band. The 4H MACD histogram is still expanding, but buying depth is unbalanced -15%, and active selling pressure is beginning to accumulate.

Price is directly shorted around 0.0655, with support placed above 0.0475.

First target is 0.0524, second target is 0.0540.

After reaching the first target, reduce position size by half, and move stop-loss to the entry price. If the price rebounds back to the entry point, exit unconditionally.

On the hourly chart, volume-price divergence appears; the latest candlestick's volume has shrunk, but the price remains high, indicating upward momentum may be weakening. The 4-hour level has moved far from the EMA20, suggesting a need for a technical pullback. Funding rates are extremely negative, making short positions costly, but this could also serve as short-term fuel for bullish squeezes. The current risk-reward ratio favors right-side pullback trades rather than chasing highs.

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