$EUL /USDT BULLISH CONTINUATION UNDERWAY
Current Price: $8.78 (+9.92%)
$EUL is showing strong bullish momentum after bouncing from the recent low of $7.84. The price is trading above MA(7) = 8.718, MA(25) = 8.673, and MA(99) = 8.308, confirming continued buying strength. A breakout above $8.88 could trigger the next upward leg.
Key Levels:
Resistance 1: $8.88
Resistance 2: $9.05
Support 1: $8.67
Support 2: $8.30
Trade Setup (Long):
Entry: Above $8.88 (confirmation of breakout)
Take Profit:
TP1: $9.05
TP2: $9.10
Stop Loss: Below $8.30
Risk Management:
Risk only 1–2% per trade. Move SL to breakeven once TP1 is reached. Avoid entering before confirmation above $8.88 to minimize risk.
Bias: Bullish — momentum remains with buyers, signaling potential continuation toward $9.00 and above.
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