【$EUL Signal】Go long + 1H pullback confirmation

$EUL RSI on 4H is 75.08, and the buy-side order book depth is higher than 0.51. The 4H Bollinger upper band at 1.6886 has been tested multiple times without breaking, indicating weak resistance from the shorts. The 1H MACD formed a bearish cross, but the histogram bars are shrinking; after profit-taking gets diluted, buy orders re-enter. There are dense limit orders around 1.65, and the capital support is clear. Personal view: the short-term risk-reward ratio is acceptable, but under high volatility you need to strictly set a stop-loss and exit.
🎯 Direction: long
⚡ Entry/Orders: 1.676256 - 1.681300
🛑 Stop-loss: 1.597235
🚀 Target 1: 1.807397
🚀 Target 2: 1.870446
🛡️ Trade management: - Execute strategy: after reaching Target 1, reduce position size by 50%, and move the stop-loss up to the break-even level. If the price drops back to the entry zone, automatically exit to protect the principal.
Depth logic: 4H OI is stable with no abnormal increase, suggesting the current rally is a game among existing liquidity. Funding rate is at -0.0011%, relatively low, and there isn’t enough short-squeeze momentum. Buy pressure is more proactive, but the 1H RSI at 65 hasn’t gone overbought yet, so there is still room for upside.
Check real-time quotes 👇 $EUL
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