$EVAA Follow the bearish direction. Everyone’s calling for a rally and thinks it’s strong, but I see a possibly overlooked resistance zone here.



The current price is reacting under pressure in the area around 0.8414 to 0.8482. The bearish thesis on the 4-hour timeframe is still intact, and the daily structure remains bearish as well. On the 15-minute chart, the RSI is around 49; momentum is neutral, leaving room for a downside move. Also, the 15-minute trading volume has increased by about 1.49x, and sell-side activity is indeed rising.

You can continue to watch support below at around 0.82 and even near 0.77. The defensive level is around 0.877. Don’t go too heavy chasing it—watch the risks.
EVAA-10.16%
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