【$EUL Signal】Pullback to go long, short squeeze structure begins to form

$EUL 1H timeframe spikes higher then consolidates with decreasing volume, with price hugging the upper Bollinger Band. RSI on the 1H chart surges to 82, and the 4H is also approaching 80, indicating clear short-term overbought signals. However, open interest remains stable, and funding rates are only 0.0009%, suggesting that large-scale short positions have not entered, providing fuel for a potential short squeeze.

🎯 Direction: Pullback to go long

⚡ Entry/Orders: Layered entries in the 0.873 - 0.895 range

🛑 Stop-loss: Below 0.847

🚀 Target 1: 1.087

🚀 Target 2: 1.184

🛡️ Trading Management:
- Execution Strategy: After reaching the first target, reduce half of the position, and move the stop-loss on the remaining position up to the entry price. If the price cannot hold above 0.95, consider exiting early.

Order book shows heavy orders around 0.95, which is the first line of defense for the bulls. The 4-hour MACD lines are opening upward, and momentum is still expanding. Currently, the price is far from the 1-hour moving averages, making chasing higher risky with poor risk-reward ratio. Patience and waiting for the price to retrace to the dense moving average zone is a more rational choice. Buy orders below are significantly deeper than sell orders, exposing the market’s support intentions.

View real-time market 👇 $EUL
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