📉 Every bounce is getting sold... until buyers reclaim the key moving averages, I'm treating rallies as opportunities to fade.
$EVAA /USDT – SHORT
🔴 Entry: $0.8480 – $0.8530
🛑 Stop Loss: $0.8640
🎯 TP1: $0.8360
🎯 TP2: $0.8240
🎯 TP3: $0.8050 (if selling pressure accelerates)
Why This Setup?
📊 1H Structure: Price continues to print lower highs and lower lows, while trading below MA(7), MA(25), and MA(99), confirming short-term bearish control.
📉 Momentum: The recent bounce failed to reclaim the moving averages, showing buyers still lack enough strength to reverse the trend.
📦 Volume: Buying volume remains weak after the decline, suggesting the latest recovery is more likely a relief bounce than the start of a new uptrend.
⚠️ Risk: A strong hourly close above $0.8640 would invalidate the bearish setup and could trigger a move toward $0.8800.
As long as $0.8640 remains unbroken, sellers hold the edge and the path of least resistance remains lower. 🔻
Debate 👇
Will $EVAA break below $0.8360 and continue its downtrend, or will buyers defend this support and force a bullish reversal?
#HadiaBTC #cryptotrading #TechnicalAnalysis #BinanceSquare
$EVAA /USDT – SHORT
🔴 Entry: $0.8480 – $0.8530
🛑 Stop Loss: $0.8640
🎯 TP1: $0.8360
🎯 TP2: $0.8240
🎯 TP3: $0.8050 (if selling pressure accelerates)
Why This Setup?
📊 1H Structure: Price continues to print lower highs and lower lows, while trading below MA(7), MA(25), and MA(99), confirming short-term bearish control.
📉 Momentum: The recent bounce failed to reclaim the moving averages, showing buyers still lack enough strength to reverse the trend.
📦 Volume: Buying volume remains weak after the decline, suggesting the latest recovery is more likely a relief bounce than the start of a new uptrend.
⚠️ Risk: A strong hourly close above $0.8640 would invalidate the bearish setup and could trigger a move toward $0.8800.
As long as $0.8640 remains unbroken, sellers hold the edge and the path of least resistance remains lower. 🔻
Debate 👇
Will $EVAA break below $0.8360 and continue its downtrend, or will buyers defend this support and force a bullish reversal?
#HadiaBTC #cryptotrading #TechnicalAnalysis #BinanceSquare