$EUL USDT Explodes 23 Percent Intraday – Is 1.20 the Make or Break Level
EULUSDT just delivered a strong 23 percent move, printing a 24H high at 1.446 before pulling back toward the current 1.22 zone. On the 15m chart, price formed a sharp impulsive rally followed by a heavy rejection near 1.45, which now stands as immediate resistance.
Key Resistance levels: 1.35 and 1.45
Key Support levels: 1.20 and 0.98
The 1.20–1.22 area is acting as short-term support. A breakdown below this zone could open the door toward the 0.98 daily low. However, if bulls defend 1.20 and reclaim 1.30, momentum could build for another attempt at 1.35 and possibly 1.45.
From a momentum perspective, after such a vertical rally, RSI on lower timeframes is likely cooling down from overbought conditions. The sharp rejection candles near the top suggest bearish divergence may be forming, while MACD on short frames is probably flattening, signaling momentum slowdown.
Market sentiment right now is Neutral to Short-Term Bearish due to the aggressive pullback from highs, but the broader intraday structure remains bullish as long as 1.20 holds.
Strategy: Wait. Chasing at resistance is risky. Conservative traders can look for confirmation above 1.30 for continuation. Aggressive traders may consider entries near 1.20 with tight risk management below 1.18.
Volume remains strong, so volatility is expected.
Are you buying this dip near support or waiting for a breakout confirmation?
Not Financial Advice (NFA)
.
$EUL #BinanceSquare #Write2Earn #EUL #EULUSDT #CryptoTrading