$EUL /USDT โ 4H Technical Breakdown ๐
EUL remains under heavy bearish control on the 4H timeframe after failing to hold key moving averages and continuing its downward structure.
Chart Highlights:
Price is trading around 2.44, down ~8.3% in the last 24H.
Strong rejection from the 2.65โ2.70 zone triggered a fresh leg down.
Price is well below MA(7), MA(25), and MA(99) โ trend is clearly bearish.
High sell volume on breakdown candles confirms strong seller dominance.
Key Levels to Watch:
Immediate Support: 2.41 (recent low).
Next Support: 2.30 โ 2.25 if selling continues.
Resistance: 2.55 โ 2.60 (short-term).
Major Resistance: 2.70+.
Bias & Scenarios:
๐ด Bearish while below 2.55
๐ก Minor dead-cat bounce possible, but trend reversal not confirmed.
๐ข Bullish only if price reclaims 2.70+ with strong volume.
Trade Perspective:
Shorts favored on pullbacks into resistance.
Longs are risky until clear trend shift and structure change.
โ ๏ธ Manage risk carefully โ volatility remains elevated.
#EUL #CryptoTA #BinanceSquare #Altcoins #perpetuals $EUL
