【$EUL Signal】Long! 1H strong breakout, funding squeeze in progress

$EUL The 1H timeframe just broke above the previous high of 1.036 with increased volume and hit a new intraday high of 1.101, showing extremely strong momentum. The 4H chart has formed three consecutive bullish candles, completely reversing the downtrend, and is now in an accelerated short squeeze phase. Open interest remains stable, and prices are soaring, which is a typical sign of a short squeeze, with bears being squeezed out.

🎯Direction: Long (Long)

🎯Entry/Order: 1.075 - 1.080 (Reason: Currently in a strong zone, retesting the 1H EMA20 support )

🛑Stop Loss: 1.045 (Reason: Break below the previous 1H candle low and ATR lower band )

🚀Target 1: 1.150 (Reason: Resistance at previous high and psychological level )

🚀Target 2: 1.220 (Reason: Based on the recent rally’s 1.618 Fibonacci extension level )

🛡️Trade Management:

- Position size suggestion: Light (Reason: Intraday gains have exceeded 35%, volatility is extremely high, risk and opportunity coexist )

- Execution strategy: After reaching 1.150, reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price of 1.080. If the price strongly breaks above 1.150 and stabilizes, consider raising the remaining target to 1.220.

Deep logic: Price has violently surged from 0.83 to over 1.10 on the 4H chart, with volume surging and buyers dominating. The 1H RSI is as high as 90.91, indicating extreme overbought conditions, but in a short squeeze scenario, overbought status may persist. Market depth shows a thick sell wall above 1.10, but there is substantial support accumulated between 1.065 and 1.075. Funding rate is only 0.005%, far from dangerous levels, with ample fuel for the squeeze. The core logic is to seize this pulse driven by short covering and chasing longs.

Trade here 👇 $EUL

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