$EVAA 24-hour trading volume of 120k, my short position was pulled by 104%, floating loss of $120k.

Currently at 0.8728, peaked at 0.9868 before falling back, this massive bearish candle is a signal that the bulls' supplies are exhausted. My trading plan: short at the current price of 0.8728, set stop loss at 0.92 (breakout above previous high to confirm strength), take profit at the first target of 0.68, second at 0.55. Only allocate 15% of total funds to the position because volatility is off the charts, and I dare not hold a heavy position.
Predicting two scenarios: 1. Rebound near 0.75 for consolidation, then add to short positions on the rebound; 2. If it directly breaks below 0.7, accelerate the drop to 0.55. If my stop loss is hit, I will admit defeat and watch.
Pay special attention to the liquidity drought period at 4 a.m., as this kind of volatile coin is prone to sudden plunges.
Results will be updated in the comment section, don’t blindly follow, I’m also trembling myself.