$EUL USDC BEARISH CONTINUATION SETUP
EULUSDC is showing strong bearish momentum as price struggles to reclaim key moving averages and faces persistent selling pressure. The Supertrend (10,3) is aligned to the downside, confirming continuation of the downtrend across intraday and higher timeframes. Attempts to recover have been weak, indicating sellers remain in control and the pair is likely to test lower support zones.
Trade Setup:
Short Entry Zone: On pullbacks toward intraday resistance or EMA/MAs rejection areas
Take Profit Targets:
TP1: Near recent swing low support
TP2: Below prior consolidation low
TP3: Extended target toward higher timeframe demand area
Stop Loss: Above the recent lower high and above Supertrend resistance to guard against trend reversal
Risk Management: Risk 1–2% of trading capital per trade, use proper position sizing, and consider trailing stop after hitting first target to protect profits.
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