$EUL /USDT â 4H Technical Breakdown đ
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 2.65â2.70 zone triggered a fresh leg down.
Price is well below MA(7), MA(25), and MA(99) â 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 â 2.25 if selling continues.
Resistance: 2.55 â 2.60 (short-term).
Major Resistance: 2.70+.
Bias & Scenarios:
đ´ Bearish while below 2.55
đĄ Minor dead-cat bounce possible, but trend reversal not confirmed.
đ˘ 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.
â ď¸ Manage risk carefully â volatility remains elevated.
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