$$EVAA It surged to 3.35 in 3 hours and then crashed back to 3.21. If I'm not mistaken, the market maker is distributing. I'll bet: it will break 2.8 within 24 hours. If it does, I'll eat a keyboard live in the comments.

First, look at the data: 24h volume of 950 million (950M → 80k), turnover rate over 300%+, but the price only rose 119% — clearly a high-turnover, low-gain distribution structure. More critically, the high of 3.35 lasted only 10 minutes before a sharp drop, and the rebound was weak. Combined with the 200% rally from 1.35 to 3.35, the market maker's cost is no more than 1.5. At current 3.2, they've at least doubled their profit. Why wouldn't they run?

Trading suggestion: Don't chase highs. If you haven't entered yet, you'd be buying for the market maker. Manage your position size. I suggest staying on the sidelines. If you hold a position, set a stop loss at 3.35 and take profit at 2.5. If you want to try a bounce, wait for a retrace near 2.0 to lightly go long, and exit if it breaks 1.8.

Check the on-chain data yourselves. Large transfers are concentrated in the 2.8-3.0 range, where 80k addresses are trapped. After liquidity drops at 8 AM tomorrow, it's likely to smash into that range. If today closes with a long upper shadow, tomorrow will be a waterfall. Screenshot this if you think I'm wrong, and come shame me in my feed tomorrow. I don't delete posts. Follow me for fast exits.