📉 $EVAA just went from euphoria to distribution — and smart money appears to be taking profits aggressively.
$EVAA / USDT - SHORT ⚠️
Trade Plan: 🔹 Entry: 0.67 – 0.70
🔹 SL: 0.78
🎯 TP1: 0.62
🎯 TP2: 0.58
🎯 TP3: 0.52
Why this setup?
EVAA exploded to 1.3676 before suffering a brutal rejection, wiping out nearly half its value in a single session.
Price is now trading below MA(7) and MA(25), confirming a bearish shift in short-term market structure.
The recent bounce attempts have been weak, producing lower highs while sellers continue defending every recovery.
Volume surged during the selloff and has faded during the rebound, a classic sign that distribution is dominating rather than accumulation.
The 0.75–0.80 zone has become a major resistance area, and unless bulls reclaim it convincingly, rallies may continue to be sold.
Current price is hovering just above MA(99), which is acting as the final support. A breakdown below this region could trigger another wave of panic selling.
The overall structure resembles a post-pump unwinding phase rather than a healthy consolidation.
Debate:
Was the move to 1.36 the cycle top for EVAA, or can buyers defend support and engineer a surprise recovery?
For now, momentum favors the bears. 📉 $EVAA
