After a massive surge, the $EUL 1H chart is currently in a healthy pullback and consolidation phase. The price is forming a platform in the 1.145-1.18 range, and the 1H RSI has recovered from overbought territory to neutral (50.49), preparing for another upward move. The 4H chart shows a strong bullish breakout from the long-term downtrend, indicating a bullish structure. The current pullback to the EMA20 (1.1836) presents an excellent entry point. Key data: a negative funding rate (-0.067%) provides natural short-covering momentum, and stable OI indicates no panic selling during price declines, a strong signal of strong support from major players. Order book data shows exceptionally deep buying pressure in the 1.14-1.15 area, forming a solid support level.
🎯 Direction: Long (Buy)
🎯 Entry/Limit order: 1.150 - 1.160 (Reason: Support at the lower edge of the 1H platform + 4H EMA20 dynamic support area + concentrated buying area)
🛑 Stop loss: 1.135 (Reason: Break below 1H platform and the strongest support wall, structure damaged)
🚀 Target 1: 1.250 (Reason: Previous high resistance level, also the first area of selling pressure at the 4H level)
🚀 Target 2: 1.380 (Reason: 1.618 Fibonacci extension level, corresponding to the previous high point of explosive volume candles)
🛡️ Trade management:
- Position suggestion: Standard position (Reason: Confirmation of 4H trend reversal, clear structure of 1H pullback, superior risk-reward ratio)
- Execution strategy: After entering, if the price successfully rebounds above 1.20, move the stop loss up to the entry price of 1.160 (breakeven). After reaching target 1, reduce the position by 50%, and move the stop loss of the remaining position up to 1.210, aiming for target 2. If the price cannot quickly escape the cost zone (not breaking 1.18 within 1-2 1H candles), consider closing half of the position to reduce risk.
Deep logic: This is not simply a rebound from oversold conditions. The 4H level trading volume has surged (from 2 million to 57 million), a clear sign of major capital entering the market. Although the current 1H buy-sell ratio is slightly low (0.46), the OI is stable and the price is firm, indicating that it is absorption of active selling pressure rather than panic selling. In a negative fee rate environment, the cost of short positions is high, and any upward price fluctuations could trigger a short squeeze. Combined with ATR (0.1173), the current volatility range is reasonable, the stop loss space is controllable, and the risk-reward ratio exceeds 1:2.5, making this a high-probability sniper trade.
Trade here 👇$BTC
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#plppin This is the first time buying this stock, why can it break beyond 100% loss, it feels like it will break 200% #plppin
