$EUL /USDT – Bearish Continuation Setup (1H)

Market Structure:

Price has clearly broken down from the prior consolidation and is printing lower highs & lower lows on the 1H timeframe. The strong impulsive bearish candle confirms bearish market control after rejection near the 3.55–3.60 supply zone.

Key Resistance (Sell Zone):

3.33 – 3.40 → Previous support turned resistance

Strong selling pressure expected on any pullback into this zone

Entry (Short):

3.33 – 3.38 on a pullback and rejection confirmation

Targets:

TP1: 3.18

TP2: 3.05

TP3: 2.90 (extended target if bearish momentum accelerates)

Stop Loss:

Above 3.48 (above structure & rejection zone)

Outlook:

As long as price remains below 3.40, the bias stays bearish. Any weak bounce is likely to be a sell-the-rally opportunity rather than a trend reversal. A clean breakdown below 3.20 could trigger further panic selling.

Bias: Bearish continuation 📉

Invalidation: Strong 1H close above 3.48

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