$EUL USDC BEARISH CONTINUATION SETUP – SELLERS IN CONTROL
EUL is trading under sustained downside pressure after failing to hold above the recent supply zone. Price structure shows a sequence of lower highs and weakening recovery attempts, signaling trend exhaustion from buyers. Parabolic SAR positioning above price confirms bearish momentum remains dominant, while moving averages are beginning to slope downward, reflecting growing selling strength.
Volume behavior suggests distribution on minor bounces, indicating that upside moves are being sold into rather than accumulated. A clean rejection from intraday resistance could trigger the next leg lower toward deeper demand levels.
Short Entry Zone: Rejection from the 1.83–1.85 resistance area
Stop Loss: Above 1.91 invalidation level
Targets:
TP1: 1.78
TP2: 1.72
TP3: 1.66
Risk Management: Use strict position sizing with only 1–2% capital risked per trade. Consider booking partial profits at TP1 and move stop loss to breakeven to reduce exposure if volatility increases.
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