๐จ๐ Stop! Donโt chase the rally first!
๐
$EVAA Short-term trend update
Currently,
$EVAA has formed a **Rising Wedge** pattern on a smaller timeframe chartโthis is a bearish signal that needs close attention.
๐ Trading view:
๐ป Once the rising wedge breaks downwards, it may trigger further pullbacks.
โ ๏ธ This is a high-risk short-selling opportunity; price fluctuations are large, so itโs not suitable for heavy position trading.
๐ If you choose to take a short position, leave a wider stop-loss buffer to avoid getting stopped out by short-term volatility.
๐ Itโs best to wait for the price to break below the lower edge of the wedge, and for confirmation with increased volume, before considering a tradeโrather than betting on a direction in advance.
โ ๏ธ Strictly control your position size, set a reasonable stop-loss, and manage risk properly.
The above is only my personal market view and technical analysis and does not constitute any investment advice.
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