$EUL High position left that long upper shadow; since then, the price action has been closing lower consecutively. Bulls have basically given up resistance.
$EUL - No order
Plan framework:
Entry: 2.34 - 2.38
Defensive line: 2.5
Take-profit levels: 2.26 → 2.16 → 2.04
Price action breakdown:
There was clear rejection near the prior high. The candle bodies have been gradually trending lower, indicating that sell pressure above is still being continuously released. The MACD indicator has just crossed down and turned green, and trading volume is also shrinking. In the short term, it will be difficult for the bulls to organize an effective counterattack. As long as it cannot break through the resistance at 2.46, it will continue to look for a position along the lower band.
Execute the plan👇
$EUL - No order
Plan framework:
Entry: 2.34 - 2.38
Defensive line: 2.5
Take-profit levels: 2.26 → 2.16 → 2.04
Price action breakdown:
There was clear rejection near the prior high. The candle bodies have been gradually trending lower, indicating that sell pressure above is still being continuously released. The MACD indicator has just crossed down and turned green, and trading volume is also shrinking. In the short term, it will be difficult for the bulls to organize an effective counterattack. As long as it cannot break through the resistance at 2.46, it will continue to look for a position along the lower band.
Execute the plan👇