Is
$EVAA Parabolic Run Coming to an End? 📉 The Short Case
Post Content:
We just witnessed EVA Protocol explode for over +120% in a single day, but every parabolic move faces a reckoning. The daily chart (1D) shows that
$EVAA is currently trading significantly above all major moving averages, a signal of extreme overextension.
The Key Signals:
RSI is extremely overbought, screaming for a cooldown.
Price is hitting significant historical resistance.
Initial rejection at $1.28 suggests profit-taking has already begun.
The Short Strategy: This is not a signal to short blindly. Wait for confirmation.
The Blueprint:
Look for a break and close below the critical $1.15 level on the 1H/4H timeframes. This would confirm a break of structure.
A retest of that $1.15 area as new resistance would be the confirmation trigger for a high-probability short.
Initial targets: The first cluster of support sits around $0.97 (the next Fibonacci level) and then down to $0.80.
Risk Management: Do NOT fomo into a short. If price breaks above $1.30, the bearish setup is invalidated.
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