【$EUL Signal】Long - Confirmation of pullback after strong breakout on 1H, main force clearly supporting the market

$EUL The 1H timeframe has experienced a massive rally and is currently consolidating at high levels, with prices trading strongly within the 1.02-1.03 range. The 4H timeframe has formed a large bullish candle breaking through the long-term downtrend, confirming a reversal structure. Currently, the 1H RSI(73) is high but not exhausted, EMA20(0.929) provides strong dynamic support, and the order book shows deep buy-side volume. This is a typical strong consolidation, preparing for the next upward move.

🎯Direction: Long (Long)

🎯Entry/Order: 1.025 - 1.030 (Reason: The upper boundary of the current strong consolidation zone, with 1H EMA20 dynamic support above )

🛑Stop Loss: 0.994 (Reason: Falling below the previous low on the 1H timeframe and a key integer level, ATR stop loss approximately 0.03 )

🚀Target 1: 1.095 (Reason: Previous high resistance level, also the 1H Fibonacci 0.618 extension level )

🚀Target 2: 1.150 (Reason: 4H previous high resistance zone, potential short squeeze target )

🛡️Trade Management:

- Position Size: Light (Reason: Intraday gains have exceeded 28%, volatility is extremely high, strict risk control is necessary )

- Execution Strategy: After reaching 1.095 (Target 1), reduce position by 50% and lock in profits, move the stop loss of the remaining position up to the entry price of 1.025 (break-even). If the price strongly breaks through 1.095 and stabilizes, hold the remaining position towards 1.150.

Depth Logic: Market signals indicate rising prices, combined with stable OI trends, suggesting the rally is not purely driven by short covering, with signs of main force support. The buy/sell ratio on the 1H chart repeatedly exceeds 0.5, indicating active buying. The order book shows an imbalance with sell orders above 1.03 significantly thickened at 1.67%, which, if broken, will trigger short stop-loss orders, leading to a short squeeze. The 4H EMA50(0.935) has turned into strong support, indicating a bullish shift on larger timeframes.

Trade here 👇 $EUL

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