$EUL is rebuilding above support without offering a free breakout while negative funding keeps squeeze risk alive but price still has to respect the invalidation.

Long | Futures | 1H
Entry: 1.7941 – 1.8203
TP1: 1.8663 (R:R 1:0.77)
TP2: 1.9297 (R:R 1:1.60)
TP3: 1.9600 (R:R 1:2.00)
TP4: 2.0366 (R:R 1:3.00)
Stop Loss: 1.7307

The lower and higher timeframes are leaning the same way; volume is expanding; negative funding leaves room for a squeeze.
Risk: A 1h close below 1.7307 invalidates the long structure.

NFA. DYOR.