I am the Book of Changes. Tonight, I won’t talk about metaphysics, just analyzing hardcore K-lines. Just now, I was staring at the one-hour chart of EVAA, and my hair stood on end—this trend is clearly a 'last feast' where the dealer offers retail investors a cup of poison!
First, look at the technical aspect: the excitement is just superficial, and the danger lies in the details!
The one-hour chart clearly shows that when the price rises, it is accompanied by 'green bars increasing in volume', seemingly a surge of buying, with the bulls strong. But strangely, the yellow and white lines have flattened above the zero axis and are about to form a 'death cross'. This indicates that the short-term upward momentum has already exhausted, and the bears are secretly gathering their positions at high levels, ready to short at any moment!
Buy orders exceed sell orders? That’s a story of the past! The dead cross trend + pressure level that has been attacked for a long time indicates that clever funds are already offloading while pushing up, leaving behind retail investors chasing high. This kind of 'slow rise, stagnation' pattern is often a precursor to a sharp decline.
Looking at the news: Behind the hype, there are many hidden dangers!
In the last 24 hours, it surged by 24.52%, with a trading volume of $2.35M, and a turnover rate as high as 45.821%—beautiful data, right? But remember, in the crypto world, short-term surges + high turnover rates are often tactics used by major players to draw in retail investors, not healthy long-term bullish signals.
With a market cap of only $5.41M and a circulating supply of only 13.2%, it's pitifully small. Such coins are easy to pump and even easier to dump. Today's volume has already been a bit 'too forceful', can the follow-up funds keep up? I put a big question mark on that.
Although backed by the TON ecosystem and Binance Smart Chain, under the current unstable market sentiment, such small-cap altcoins are the most likely victims of 'longs killing longs'.
Zhouyi's exclusive viewpoint: The market will 'first lure longs, then kill the dip', the script has been written!
Overall, my judgment is very clear: the future of EVAA will experience a roller coaster market of 'rise first, then fall'!
The market makers are likely to exploit the FOMO sentiment in the market, making a slight rise to fake a breakout above 0.85, or even touch 0.89, creating the illusion of 'breaking the resistance level' to lure the last wave of retail investors to chase high. Once retail positions are all in, it will be the moment of truth—an enormous bearish candle directly crashes through the critical level of 0.803, triggering a panic sell-off, with targets aimed at 0.733 or even lower!
In terms of operations, the advice for all fans is:
Absolutely do not chase high at this position! This may be a golden pit for burying people.
For those holding assets, take the opportunity to reduce or clear positions when it rises again, cashing out for safety.
For those looking to bottom out, be patient and wait for it to truly stabilize at the support level of 0.733 and show signs of volume stop loss before proceeding.
Surviving in the crypto world is not about who makes money the fastest, but about who lasts the longest. When you see an opportunity, be aggressive; when you smell risk, you should run even earlier! Follow Zhouyi, and I'll help you avoid those 'blatant and hidden dangers' in the candlesticks.
The power of Zhouyi does not boast, does not make empty promises, but teaches you practical survival skills. Follow Zhouyi, fans who want to keep up can find Zhouyi Village, where Zhouyi publishes entry and exit points every day!
