$EUL In this short setup, it’s actually not just about a simple decline—it’s about the sentiment cooling off after the rally.

Earlier, the price surged quickly from a low point, and the high pushed to around 2.78, but on the 4-hour timeframe you can see that after topping out, it didn’t continue breaking higher on increased volume. Instead, there were consecutive pullbacks, and the trading volume also started to gradually shrink.

This kind of pattern is very common in altcoins. Early on, capital pushes the price up, drawing the market’s attention. But when there isn’t enough follow-through to sustain the rally at high levels, profit-taking starts to come in, and the price often quickly retraces.

So at the time, my focus wasn’t whether it could still continue to chase longs, but whether the rally structure had been damaged.

After the price broke below short-term support, it printed consecutive bearish candles on the 4-hour chart, with bearish momentum gradually taking the upper hand—so I positioned the short early.

This trade has already taken in a round of pullback profits so far.

The biggest feature of altcoin行情 is that both up and down moves can be extremely extreme. The real opportunities aren’t necessarily found by chasing in during the upswing. Sometimes, waiting for sentiment to cool down makes it easier to spot higher certainty.

Going forward, I’ll keep an eye on how EUL is being supported. Until it reclaims the key levels again, the short-term focus is still on guarding against rebounds. $BTC $ETH