$EUL still looks like a rejection trade, not a clean breakout. Price is at $1.45, up 4.17% on the day, but the 4h candle is already -1% and volume is only $4.44M, just 0.3x its 20d average. That tells me the push into the overhead supply is fading while longs keep paying 0.005% funding 😬
RSI(14) at 59 says momentum isn’t dead, but it’s not screaming trend either. Mixed MAs and this choppy spot near the upper part of the 30d range keep the same bearish thesis alive: if EUL keeps getting sold into this zone, the lower demand pockets are still in play. $EUL #EUL #Binance #Crypto
Inspired by Fibonacci Flow on Binance Square.
RSI(14) at 59 says momentum isn’t dead, but it’s not screaming trend either. Mixed MAs and this choppy spot near the upper part of the 30d range keep the same bearish thesis alive: if EUL keeps getting sold into this zone, the lower demand pockets are still in play. $EUL #EUL #Binance #Crypto
Inspired by Fibonacci Flow on Binance Square.
