đ„ $EVAA Surged 48% in 24H â Cooldown Incoming?
EVAA just went vertical, ripping 48% in a single day and tagging the daily high near 1.2063. Moves like that grab attention fast â but they also tend to come with warning signals once the euphoria fades.
đ What the data is hinting at:
On the 4H chart, price is pushing higher while volume is fading â classic bearish divergence
Momentum is overheated: RSI deep in overbought territory, price sitting ~17% above the upper Bollinger Band
Top traders still net long (â 1.33 ratio), but early profit-taking pressure is starting to show
Capital flows are mixed: short-term inflows (+144k on 4H), but broader flows remain slightly negative
The latest 4H candle shows rejection near 1.206, which weakens immediate continuation odds
đŻ My view on $EVAA :
Carefully stalking a counter-trend short. Overall structure is still bullish, so this is high risk, but the overextension makes a pullback very tempting.
đ Execution ideas:
Aggressive entry: partial short in the 1.186 â 1.195 zone
Safer setup: wait for a push toward 1.250 resistance and look for another rejection
đ Invalidation:
Stop-loss: around 1.228 â 1.238
đŻ Downside targets:
TP1: 0.960 (psychological level)
TP2: 0.880 (prior support zone)
â ïž This is a counter-trend trade â keep size small and stay flexible. If RSI resets cleanly below 70 and structure flips, be ready to adapt. Momentum like this can stay irrational longer than expected.