$EUL /USDT TECHNICAL ANALYSIS – BEARISH CONTINUATION EXPECTED
$EUL /USDT is showing strong bearish momentum after failing to sustain above the 24h high. The price is approaching critical support zones, indicating potential continuation of the downtrend. Key indicators show:
MA & EMA: Both moving averages trending downward, confirming selling pressure.
BOLL: Price hugging the lower Bollinger Band, suggesting continuation of bearish bias.
MACD: Bearish crossover with histogram expanding, reinforcing downward momentum.
Volume: Selling volume significantly higher than buying volume, signaling strong bearish conviction.
Trade Setup:
Short Entry: On minor retracement to resistance at 8.833 – 9.020
Targets (TP): 8.272 / 8.150 / 8.000
Stop Loss (SL): Above 9.020
Risk Management:
Keep risk per trade under 2% of total capital. Monitor volume spikes and candle formations near support for exit adjustments.
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