EUL's price action is giving mixed signals right now. The recent selloff has pushed it back down to key support levels, and those long wicks on the chart are screaming continued selling pressure. But here's the thing—there's also some legitimate buying interest showing up underneath, which keeps things interesting.
The real setup to watch this week: if we get a bullish engulfing candle close, that changes the whole narrative. Right now you've got bears pressing down while some bulls are actually stepping in, which creates that tug-of-war feel on the chart. The support holding here is crucial—break below it and you're looking at deeper losses. But if buyers can flip this into a reversal pattern, we might be looking at a different story altogether.
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ContractSurrender
· 12h ago
It's time to analyze the technicals in Harbin again. This wave of EUL has definitely seen people fighting hard both up and down.
If the support breaks, it's game over; if it doesn't, there's a chance for a rebound. It's that simple.
Trust me, if the weekly chart shows a bullish engulfing pattern, you should wake up.
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CryptoGoldmine
· 12h ago
Can the support level hold? This is the key data point that determines the subsequent trend.
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CompoundPersonality
· 12h ago
Long wicks are really annoying, but there are indeed bagholders crouching at the bottom. Let's see if we can get a bullish engulfing pattern this week to save the situation.
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OldLeekConfession
· 12h ago
This support level really needs to hold, or else it's going to break below, brother.
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LightningWallet
· 13h ago
Long wicks are just crazy sell-offs, but it's also pretty interesting that someone is buying the dips below.
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BrokenDAO
· 13h ago
It's the same old game theory rhetoric... Whether the support level holds or not, ultimately it depends on who has more chips. I've seen too many governance tokens collapse at critical support levels, and those mechanism designs are all quite unappealing.
EUL's price action is giving mixed signals right now. The recent selloff has pushed it back down to key support levels, and those long wicks on the chart are screaming continued selling pressure. But here's the thing—there's also some legitimate buying interest showing up underneath, which keeps things interesting.
The real setup to watch this week: if we get a bullish engulfing candle close, that changes the whole narrative. Right now you've got bears pressing down while some bulls are actually stepping in, which creates that tug-of-war feel on the chart. The support holding here is crucial—break below it and you're looking at deeper losses. But if buyers can flip this into a reversal pattern, we might be looking at a different story altogether.