【$EUL Signal】Go long + 1H momentum acceleration, deeply negative funding rate hides a short squeeze

$EUL 1H MACD histogram is 0.0109 and continues to expand, RSI 71.75 has not topped out. On the 4H Bollinger Bands, the upper band is 2.5441; the current price is 2.4787, only 2.6% below the upper band. The opening has surged, with volatility converging toward the point of a breakout. Funding rate is -0.7577%; short positions’ costs are extremely high. OI remains steady—if shorts don’t cut losses, they will face compression. Order book depth buy/sell ratio is 0.45; buyers deeply overpower sellers, and there is strong willingness to take the next fill.

🎯 Direction: Go long

⚡ Entry/limit order: 2.471264 - 2.478700

🛑 Stop loss: 2.453913

🚀 Target 1: 2.515880

🚀 Target 2: 2.534471

🛡️ Trade management:
- Execution strategy: After reaching Target 1, reduce position size by 50% and move the stop loss up to breakeven. If price falls back to the entry level, automatically exit to protect principal.

Current risk-reward ratio is about 1.5, stop-loss width is about 1%, which is acceptable in the volatility of hot coins. Extremely negative funding rate often signals that shorts are overcrowded. Once price stabilizes and accelerates, short covering will help fuel a second wave of upside.

View live market 👇 $EUL
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