🚀 $EUL Long Setup: Absorption in Play! 📈
The bears tried to push, but the bulls said "not today.
" We’re seeing a classic lack of follow-through on the recent dip, signaling that sellers are exhausted and smart money is stepping in to absorb the supply. 🧱
With the base holding firm and momentum stabilizing, the structure looks primed for a move higher.
⚡ The Trade Plan
* Entry Zone: $2.42 – $2.50
* Stop Loss (SL): $2.33 🛡️
* Target 1 (TP1): $2.56
* Target 2 (TP2): $2.63
* Target 3 (TP3): $2.71 🎯
🔍 Market Insight
The recent price action suggests absorption rather than distribution.
Bids stepped in quickly at the lows, showing high demand.
As long as we stay above the base, the path of least resistance is up. 🎢
Trade $EUL here 👇
EUL
2.035
+9.52%