This large bullish candle was completely engulfing, $EVAA a 103% increase in 24 hours is not something retail investors can push up. Currently at 0.8704, but the 24h high was 0.9868, indicating that a wave of profit-taking has already been digested here. My logic is simple: after this coin bottomed around 0.42, it directly reversed sharply without sideways consolidation; the main force's tactics are fierce, and the target won't stop at $1.

First, look at the K-line structure: yesterday, a bullish candle body was formed from 0.4223, and today the high touched 0.9868 but was pushed down, leaving a long upper shadow. This is not a sign of topping but a shakeout, because the volume has not diminished, with 300 million USD traded in 24 hours, indicating sufficient turnover. On technical indicators, RSI has surged to around 78, indicating short-term overbought conditions, but the daily MACD just experienced a golden cross, with the fast and slow lines opening below the zero axis, which is a typical breakout signal, not a pullback.
Specific figures: the 0.87 level is the dividing line between bulls and bears. After pulling back to support near 0.83 today and rebounding, it shows that bulls are absorbing at low levels. If it can hold above 0.90 tomorrow, the next target is 1.2. Set stop-loss at 0.78; breaking below this means the main force might be retreating and cannot hold. Position size should not exceed 15% of total funds; with this volatility, heavy positions are prone to being shaken out.
Personal operation: enter around 0.86, set stop-loss at 0.78, first target 1.05, second target 1.35. It is now in a chip vacuum zone; from 0.42 to 0.98, there is almost no dense trading area, so the upward resistance is low. But once it breaks 1.0, selling pressure will concentrate. So don’t rush in; wait for a pullback to confirm support at 0.85 before going long. Don’t chase highs; last night, chasing at 0.98 was caught in the middle, and today there’s still floating loss.
My label is “a technical trader dying before dawn,” I’ve seen too many such situations; chasing the rise always ends with the main force taking the bag. Money should be earned, but not through gambling. Enter at 0.86, set stop-loss properly, get the market feel right, and once a bullish candle appears, it will take off. #技术分析 #K-line signals