【$EUL Signal】Long! Strong breakout on the 1H timeframe followed by a pullback, main force clearly defending the price

$EUL After experiencing a massive rally, the 1H timeframe is currently in a healthy pullback and consolidation phase. The price is supported around 1.32, with the 1H EMA20 (1.1745) turning into a strong support. The 4H level has broken through the long-term downtrend with increased volume, indicating a strong trend reversal signal. Under a negative fee environment, open interest remains stable, showing limited bearish pressure, and main capital is still in the market.

🎯Direction: Long (Long)

🎯Entry/Order: 1.315 - 1.320 (Reason: 1H pullback confirmation zone, close to current strong support level)

🛑Stop Loss: 1.285 (Reason: Break below the previous 1H candle low and key psychological level 1.30)

🚀Target 1: 1.380 (Reason: Previous high resistance and round number)

🚀Target 2: 1.450 (Reason: 1.618 Fibonacci extension level, corresponding to previous high)

🛡️Trade Management:

- Position size suggestion: Standard position (Reason: 4H trend reversal confirmed, 1H structure clear, risk-reward ratio >1.5)

- Execution strategy: After reaching 1.38, reduce position by 50% and move stop loss to entry price 1.32. Remaining position aims for the second target; if price retraces to 1.32, exit all.

Deep logic: Market depth shows a large accumulation of buy orders in the 1.31-1.32 range, forming a solid support wall. Although the 1H RSI (71) is high, it has not entered extreme overbought territory, leaving room for further upside. The key point is that after a 36% surge, open interest did not sharply decline, indicating this is not purely a short squeeze but also new funds entering the market. The negative fee rate (-0.0033%) continues to attract long positions, fueling the subsequent rally. The current price at the first pullback after breakout offers an excellent risk-reward entry point.

Trade here 👇 $EUL

---

Follow me: Get more real-time analysis and insights on the crypto market! $BTC $ETH $SOL