$EUL /USDT – 4H Technical Breakdown 📉
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 2.65–2.70 zone triggered a fresh leg down.
Price is well below MA(7), MA(25), and MA(99) → 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 – 2.25 if selling continues.
Resistance: 2.55 – 2.60 (short-term).
Major Resistance: 2.70+.
Bias & Scenarios:
🔴 Bearish while below 2.55
🟡 Minor dead-cat bounce possible, but trend reversal not confirmed.
🟢 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.
⚠️ Manage risk carefully — volatility remains elevated.
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