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$EVAA Are they planning to blow up the short positions I shorted yesterday? It skyrocketed from 0.64 to 1.33 in 24 hours, an 86% increase, with a trading volume of $619 million — equivalent to the entire Gate platform’s one-hour trading volume all on this coin.
Honestly, last night when I saw it climb from 0.64 to 0.8, I told the group, “Don’t chase this garbage rebound,” but now my face is swollen like a pig’s head. This kind of move doesn’t look like normal shakeout; it’s more like a big player sweeping at the bottom and then pumping the price, causing all the shorts and those who missed out to chase the rally together.
The 24-hour low was 0.6424, the high was 1.3388, with a volatility of over 108%, a classic “either it doesn’t rise or it rises so much you can’t believe it” pump-and-dump script.
Waiting to chase? Don’t rush. First, see if the previous high of 1.34 can hold steady. If it can break out with volume, the next target is likely around 1.8-2.0. But note, if tomorrow’s dip back to around 1.0 doesn’t break below, that’s a relatively safe entry point — because with such aggressive pumping, the main players won’t let retail investors comfortably buy above 1.3; there will definitely be a deep correction and shakeout.
Stop-loss is recommended below 0.9, and position size should be controlled within 10% of total funds. Don’t go all-in; this coin can drop 70% in a day.
Trading advice: For long-term holding, wait for a pullback to the 1.0-1.1 range to build positions gradually, with a stop-loss at 0.85; short-term traders can wait for a breakout above 1.34 to chase with a small position, stop-loss at 1.25, and take profit around 1.6. Remember, rushing in now is just fueling the main players.
#EVAA For the plaza trader’s log, ask questions in the comments if you don’t understand, and I’ll explain in plain language.
(Interaction hook: Predict whether it will rise another 20% in the next 24 hours? Vote in the comments, bullish or bearish?) #Gate