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$EUL 4H: Momentum Still Strong — Healthy Pullback or Trend Exhaustion?
📊 Timeframe: 4H
📊 Market Bias: Bullish
$EUL remains in a powerful uptrend after an explosive breakout from accumulation. Despite the current pullback from 2.746, price is still trading well above the MA(7), MA(25), and MA(99), indicating the broader bullish structure remains intact.
🎯 Trade Setup
🟢 Trade: LONG (Buy the pullback)
Entry Zone: 2.20 – 2.30
Stop Loss: 2.00
TP1: 2.50
TP2: 2.75
TP3: 3.00
Risk : Reward: ~1:3
Trade Invalidation: A confirmed 4H close below 2.00 would weaken the current bullish structure.
📈 Technical Analysis
✅ Price Action: Strong impulsive rally followed by a normal profit-taking candle.
✅ Market Structure: Higher highs and higher lows remain intact, keeping the trend bullish.
✅ Support: 2.20, then 2.00 (near MA7).
✅ Resistance: 2.50, 2.75 (recent high), then 3.00 psychological level.
✅ MA Structure: Price remains above MA(7), MA(25), and MA(99), confirming strong trend alignment.
✅ Volume: Breakout was accompanied by a significant surge in volume. The current pullback shows lighter participation, suggesting profit-taking rather than aggressive distribution.
✅ SMC: Buy-side liquidity sits above 2.75. The recent retracement may be collecting liquidity before another attempt higher.
✅ Order Block: The breakout base around 2.00–2.15 is the key institutional demand zone.
✅ FVG: The impulsive move likely left an imbalance below current price that could be partially filled before continuation.
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