$MYX
→ EVAA Analysis: Consolidation After the Pump – Is the Next Leg Up Coming? 🚀
→ If you’ve been watching the charts today, you’ve probably noticed EVAA making some noise. After an aggressive rally up to the $1.43 level, the price is currently taking a breather, consolidating in what looks like a classic bull flag/pennant structure.
→ The Breakdown 🕵🏻♂️:
• Current Price: Around $1.20-25.
• 24h Performance: A solid +28% move 🦾.
• Trend: Strongly bullish on the 15m and 1h timeframes. We are seeing a healthy pullback to the support zone, which is exactly what we want to see for a sustainable uptrend 👀.
→ Key Levels to Watch:
• Resistance: $1.25 - $1.27 (That green line on the chart), breaking this could trigger a retest of the $1.43 high.
• Support: $1.15 (That red line on the chart). As long as we hold above this, the bullish structure remains intact.
→ Trade Strategy 🎯:
• Option A: The Long Play 💚 (Bullish Confirmation)
• Entry: Look for a break and candle close above $1.26. Alternatively, look for entries near the $1.18 - $1.20 support zone if it holds.
• Target: $1.35, $1.43, and potentially $1.55+ if volume stays high.
• Stop Loss: Below $1.14.
• Option B: The Short Play ♥️ (Bearish Invalidation)
• Entry: Only if the price fails to break $1.25 and drops below the $1.15 support with high volume.
• Target: $1.05 - $0.98.
• Stop Loss: Above $1.28.
→ Remember: High rewards comes with high risks, so trade carefully 😊, let's grow together🤞🏻
→ Guys I've just one request, if you want to make a trade, you can use the tag below 👇🏻, it means a lot for me 🙏🏻, Love you all 😊.
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