【$EUL Signal】Long - 1H breakout pullback confirmation, main force clearly intends to defend the market

$EUL On the 1H timeframe, after experiencing a massive surge yesterday, the price is currently consolidating strongly at high levels, staying close above the 1-hour moving averages, which is a typical healthy pullback after a breakout. The 4-hour timeframe has already stabilized above all moving averages, indicating a bullish trend. The current order book depth is solid, and the open interest remains stable during sideways trading, suggesting that the main force has not exited but is actively defending and supporting at this price level. The 1-hour RSI momentum is healthy, with no top divergence, which is building energy for another upward push.

🎯Direction: Long (Long)

⚡Entry/Order: 1.138 - 1.145

🛑Stop Loss: 1.115

🚀Target 1: 1.195

🚀Target 2: 1.235

🛡️Trade Management:

- Execution Strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the remaining position’s stop loss up to the entry price. If the price strongly breaks through 1.235, move the remaining stop loss up to 1.195 to capture a larger trend.

(Depth Logic: Over the past 4 hours, the price has seen massive turnover in the 1.14-1.18 range, which is a typical characteristic of main force accumulation and shakeout. The open interest remains stable during price pullbacks, indicating that short covering and new long positions are being established, rather than panic selling. The 1-hour chart shows quick rebounds each time the price dips near 1.138, which has become a new dynamic support. Combined with the advantage of order book depth, the market structure favors bulls, waiting for a second breakout after a pullback confirmation. )

View real-time market 👇 $EUL

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