🚨
$EUL — Relief Bounce or Continuation?
Recent momentum lifted price from ~$0.78 to ~$1.00. Buyers showing short-term strength, but overhead resistance is near. Trade reaction, not emotion.
🟢 LONG Scenario (Breakout Continuation)
Entry Zone: 1.02 – 1.08
Stop Loss: 0.95
🎯 Targets:
TP1: 1.15
TP2: 1.25
TP3: 1.35
Why this setup?
• Price breaking above immediate resistance triggers momentum continuation
• Buyers actively defending key levels
• Volume confirms follow-through potential
🔴 SHORT Scenario (Rejection / Pullback)
Entry Zone: 1.05 – 1.10 (on rejection)
Stop Loss: 1.15
🎯 Targets:
TP1: 0.98
TP2: 0.92
TP3: 0.85
Why this setup?
• Price overextended after recent surge
• Sellers likely defending resistance
• Pullback likely if support near 0.95 fails
📊 Key Levels
Support: 0.95 → 0.85
Resistance: 1.08 → 1.15
💡 Summary:
Momentum bullish short-term, but watch overhead supply.
Break above 1.08 → continuation.
Reject → quick pullback possible.
Trade confirmation. Protect capital.
Click here to trade👇
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