🐋 $EVAA broke above its 90-day high of 1.7372, with 24-hour trading volume surging to 1.8 times the daily average.
Above a period high, stop-loss orders from short sellers and sell orders from previous bagholders tend to pile up. The surge in volume means those orders are being absorbed. If buyers remain after that, the price may move more easily; if buying suddenly dries up, watch out for a pullback after the spike.
Above a period high, stop-loss orders from short sellers and sell orders from previous bagholders tend to pile up. The surge in volume means those orders are being absorbed. If buyers remain after that, the price may move more easily; if buying suddenly dries up, watch out for a pullback after the spike.
