【$EUL Signal】Short squeeze continues! 1H level consolidating strongly, waiting for a secondary breakout

$EUL The 1H level has entered a high-level flag consolidation after a 38% violent surge. The 4H level has broken through all moving averages with strength, forming a V-shaped reversal. Currently, the price is ranging around 1.33. Although the 1H RSI is in the high zone, there is no bearish divergence, and open interest remains stable. Negative funding rates suggest that the bears are still resisting, and the short squeeze logic remains unchanged. This is a typical strong consolidation, building momentum for the next rally.

🎯Direction: Long (Long)

🎯Entry/Order: 1.315 - 1.325 (Reason: 1H EMA20 dynamic support zone and recent consolidation platform lower boundary )

🛑Stop loss: 1.265 (Reason: Break below the key previous low on the 1H level and the start of the large bullish candle on the 4H, ATR stop loss )

🚀Target 1: 1.450 (Reason: Previous high resistance and the 4H Fibonacci 0.786 extension level )

🚀Target 2: 1.580 (Reason: Previous dense chip area on the daily chart )

🛡️Trading management:

- Position suggestion: Light position (Reason: Intraday gains are large, volatility is extremely high )

- Execution strategy: After reaching 1.45, reduce position by 50% and move stop loss to entry price. Hold the remaining position for higher targets. If the price retraces below 1.32, exit all and observe.

Deep logic: In the past 4 hours, the price surged accompanied by a massive increase in trading volume, a clear signal of main capital entering. Open interest remains stable, indicating that longs have not been significantly profit-taking, and confidence remains strong. Negative funding rates contrast sharply with rising prices, forming a classic short squeeze structure. Short covering will further push prices higher. The depth on the 1H buy side is decent, but watch out for quick pullbacks to shake out traders. The core strategy is to buy on dips, not chase highs.

Trade here 👇 $EUL

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