$EUL Signal: Negative funding rate + RSI high, short-squeeze potential explodes

$EUL RSI has surged to 85. The 4H Bollinger upper band at 2.3389 was broken by the body, and a dense trading area around 2.37 has formed as support. The order book shows slightly heavier sell pressure (Bid/Ask 0.83), but the funding rate at -1.46% is an extreme negative value, meaning the shorts’ position costs are high. The 1H MACD histogram is shrinking, but the 4H MACD is still expanding—bullish momentum has not been exhausted. There are thin orders near the current price; after a break above 2.5, it’s prone to accelerate.
🎯 Direction: Long
⚡ Entry / Pending orders: 2.372461 - 2.379600
🛑 Stop loss: 2.260620
🚀 Target 1: 2.558070
🚀 Target 2: 2.647305
🛡️ Trade management: - Execute the strategy: after reaching Target 1, reduce the position by 50% and move the stop loss up to the breakeven level. If the price falls back to the entry area, automatically exit to protect principal.
Negative funding rate combined with high RSI is often accompanied by short-squeeze risk, but chasing higher requires caution about the pullback magnitude. This trade’s risk-reward ratio is 1.5, and the stop loss is kept within 5%, so it’s acceptable.
View live quotes 👇 $EUL
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