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【$EVA Signal】Bullish defense line broken, go short at current price
$EVA 1H level RSI soared to 89.65, price broke above the upper Bollinger Band, buying pressure gaps. The 4H MACD histogram is still expanding, but the price has deviated seriously from the moving average, showing clear signs of distribution at high levels. Sell orders are accumulating around 0.724, fully exposing the capital support intent.
🎯Direction: Short
⚡Entry: Enter at current price 0.7213
🛑Stop Loss: 0.5159
🚀Target 1: 0.7215
🚀Target 2: 0.7244
🛡️Trade Management:
- Execution strategy: Reduce position by 50% after reaching Target 1, and move the stop loss to breakeven. If the price falls back to the entry point, automatically exit to protect principal.
Position volume remains stable, but the price surges with increased volume. This volume-price divergence often signals a short-term exhaustion in hot coins. The 1-hour candlestick shows a long upper shadow, indicating selling pressure is beginning to surface. The risk-reward ratio is not ideal, but chasing high at high levels carries much greater risk than a controllable trial-and-error.
Check real-time market 👇 $EVA
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