$EUL is following a downtrend in shorter timeframe
Signal type- short
leverage 5x
🔴 CC Confidence Score: LOW
Entry price- 2.33-2.38
1st tp- 2.14 close 30% SL at entry
2nd tp- 2
3rd tp- 1.78
SL-2.52
s you can see, after a massive bullish move, the market has shifted into a clear downtrend. This change in market structure suggests that buyers are gradually losing strength while sellers continue to gain control.
As long as the current bearish structure remains intact, I expect a significant downside move from the current price. Any short-term bounce may simply provide better opportunities for sellers unless buyers reclaim key resistance levels.I'll continue favoring the bearish bias until the market confirms a meaningful trend reversal.
Always wait for confirmation and manage your risk accordingly.
Signal type- short
leverage 5x
🔴 CC Confidence Score: LOW
Entry price- 2.33-2.38
1st tp- 2.14 close 30% SL at entry
2nd tp- 2
3rd tp- 1.78
SL-2.52
s you can see, after a massive bullish move, the market has shifted into a clear downtrend. This change in market structure suggests that buyers are gradually losing strength while sellers continue to gain control.
As long as the current bearish structure remains intact, I expect a significant downside move from the current price. Any short-term bounce may simply provide better opportunities for sellers unless buyers reclaim key resistance levels.I'll continue favoring the bearish bias until the market confirms a meaningful trend reversal.
Always wait for confirmation and manage your risk accordingly.