Everyone is chasing $EVAA ’s rebound, and I’m choosing to set a short at 0.819.



Entry 0.8160–0.8220, TP1 0.7617, TP2 0.7235, TP3 0.6662, stop loss 0.8954. The daily chart is bearish; 87% shorting sentiment. The 15-minute RSI at 36.84 is only an early weakness indicator, not a bottoming signal. The 1-hour ATR is 0.0318, enough to drop 7% to the first target.

Entering at 0.819 with a 0.8954 stop loss gives a favorable risk-reward ratio. This move isn’t a dead cat bounce—it’s an opportunity to short with the trend.
EVAA-5.56%
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BridgeHopscotch
· 18h ago
Following along, I placed one order too, hoping it reaches TP1.
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VolTrader
· 19h ago
This strategy is very detailed. I plan to try it with a small position size and add more once it breaks above 0.816.
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CryptoAnalystBob
· 19h ago
This short setup idea is pretty good; the risk-reward ratio is indeed favorable. But the stop-loss at 0.8954 is a bit wide—if it spikes, it could easily get swept.
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ApprovalAuditor
· 20h ago
Entered at 0.819, stop loss at 0.8954, risk-reward ratio around 1:2.5. It’s definitely pretty good, but don’t take too large a position.
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LeverageBalancer
· 20h ago
The shorting ratio of 87% is a bit extreme, but the trend is indeed downward, so you can only participate with a light position.
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zkEVMZephyr
· 20h ago
Dead cat bounce or short on the trend? I’m more inclined to wait for a rebound to around 0.83 and then short. Chasing a short right now feels a bit scary.
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LiquidatorBot
· 20h ago
Why choose 0.819? It feels a bit awkward at this level—the resistance at 0.822 above is fairly strong.
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DCFValuer
· 20h ago
TP3 at 0.6662 is a bit far; there may be multiple back-and-forths in between. It’s recommended that once it reaches TP1, you move the stop loss to break even to protect capital.
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AccumulationMonk
· 20h ago
ATR 0.0318, down 7% to 0.7617 is fine, but pay attention to changes in trading volume; if it falls on reduced volume, it may just be a pullback.
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