🚨 Should we Short $EVAA now? 🤔
$EVAA is up more than 135% in the last 24 hours. But that doesn’t mean it’s time to short it.
A lot of traders make the same mistake after seeing a coin pump this much. They immediately open a short expecting an instant crash. Sometimes it works, but many times the short squeeze continues much longer than expected.
$2.90-$3.00 is the first support zone I’m watching. As long as $EVAA holds above this area, the trend is still strong. If it crosses above $3.35 then a pump towards $4.2 seems very much likely before any correction.
For now, I’m staying away. Chasing the long after a 135% pump is risky, and shorting too early can be just as dangerous.
I’ll wait for a clear breakdown or a proper short setup before taking any position, and if that happens, I’ll share it here.
$EVAA is up more than 135% in the last 24 hours. But that doesn’t mean it’s time to short it.
A lot of traders make the same mistake after seeing a coin pump this much. They immediately open a short expecting an instant crash. Sometimes it works, but many times the short squeeze continues much longer than expected.
$2.90-$3.00 is the first support zone I’m watching. As long as $EVAA holds above this area, the trend is still strong. If it crosses above $3.35 then a pump towards $4.2 seems very much likely before any correction.
For now, I’m staying away. Chasing the long after a 135% pump is risky, and shorting too early can be just as dangerous.
I’ll wait for a clear breakdown or a proper short setup before taking any position, and if that happens, I’ll share it here.