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【$EUL Signal】Go long | 1H strong breakout above the Bollinger upper band + negative funding rate squeezes shorts
$EUL 1H consecutive bullish candles break above the Bollinger upper band at 2.18; current price is 2.2164. On 4H, MACD bullish histogram bars keep expanding; RSI on 1H is 78.92 above the overbought zone but has not turned back. Negative funding rate is -0.7997%, and short positions have extremely high cost basis, showing clear signs of capital propping.
🎯 Direction: Go long
⚡ Entry / place order: 2.209751 - 2.216400
🛑 Stop loss: 2.194236
🚀 Target 1: 2.249646
🚀 Target 2: 2.266269
🛡️ Trade management: After reaching Target 1, cut 50%, and move the stop loss up to breakeven. If price drops back to the entry zone, automatically exit to protect principal.
With shorts being passively liquidated under the negative funding rate, accumulated pressure gradually builds. If price cannot break through, the short-squeeze logic holds. However, since RSI is running high, chasing longs on the short term has a take-profit/stop-loss ratio of 1:1.5, with risk controllable. Watch the order-book depth: there is a slight gap in buy-side liquidity—be alert for a needle-like spike. Check live market quotes 👇 $EUL
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