$EUL just went through a sharp correction after testing the 8.03 level, and now all eyes are on how it behaves around the 6.83–6.90 support area. This zone has been a reliable base before, and today’s long lower wicks suggest that early buyers are stepping in to defend it once again.

After a more than 12% pullback, $EUL is showing the first signs of selling exhaustion. The candles are losing downside strength, and the KDJ indicator is beginning to curl upward from oversold territory — a common sign that momentum may be shifting.

Trade Setup:

Entry Point: 6.88 – 6.95

Target 1: 7.15

Target 2: 7.38

Target 3: 7.65

Stop Loss: 6.78

Why this setup stands out:

Each dip to the 6.83 area has triggered clear buyer defense, reflected by strong wick rejections. The KDJ lines (K 37.19, D 40.60, J 30.36) are beginning to cross upward from the bottom, suggesting that a potential rebound is forming. A confirmed break above 7.05 with solid volume could mark the start of a recovery phase.

If momentum builds, the move could extend toward 7.6 and even 7.8 — key resistance levels from the last upswing. This setup offers a clean, disciplined trade opportunity with tight risk control and promising early signs of accumulation.

Patience and confirmation will be key — once buyers take charge, $EUL could be ready for its next wave.