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Nobody expected $EDU to slide this far.
We are literally sitting on the edge right now at 0.0424. If you look at it daily, it has just been a straight staircase down from 0.10. Every time we try to base out, the sellers step right back in.
Volume is starting to dry up a bit which usually means a big move is cooking, but we are dangerously close to that 0.0409 low. If that floor breaks, there isn't much history below us to catch the fall.
I am watching for a double bottom here or a fakeout below the low before any kind of reversal. Until we see a solid green candle with actual volume, catching this knife is risky.
Are you guys holding bags or waiting for the absolute bottom?
#WCTCTradingChallengeShare8MUSDT