【$EUL Signal】Go long | 1H Bollinger band contraction + negative funding liquidates shorts

$EUL The 4H MACD histogram bars continue to narrow; even with funding rate at -0.28%, there’s no sign of a price breakdown. Sell orders at low prices are being absorbed quickly. The 1H RSI has fallen to 54; the Bollinger bands’ upper and lower rails converge into the 2.227–2.540 range. Trading volume contracts in sync, making the signs before a breakout clear.
🎯 Direction: Go long
⚡ Entry/limit orders: 2.295393 - 2.302300
🛑 Stop-loss: 2.279277
🚀 Target 1: 2.336835
🚀 Target 2: 2.354102
🛡️ Trade management:
- Strategy execution: After reaching Target 1, cut position by 50% and move the stop-loss up to breakeven. If price falls back to the entry area, automatically exit to protect principal.
Order book depth shows buy support around 2.29 with dense limit orders. The Bid/Ask Ratio of only 0.73 indicates sellers have greater depth, but price refuses to dip further. This kind of stalemate often breaks first toward the side with weaker resistance. Negative funding combined with stable OI is building short-squeeze potential.
Check live market 👇 $EUL
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