$EVAA Liquidity is this poor, and people are still shorting it?
This is one of the more popular altcoins lately. Looking at the holdings of the top 8 addresses, Brother Chai thinks this token is highly controlled: 78% of the supply is held by shady market makers. Short-term total profit and total sales are both 0.
At the current price of 1.2, Brother Chai doesn't recommend chasing the rally. Four of the top 8 holders are ancient addresses, and these market makers got in at a very low cost. If they start selling, the price could crash through support.
In the short term, you could open a small short position. Brother Chai will follow up with plans for adding to the position, as well as take-profit and stop-loss levels. There are always more opportunities 👇
#EVAA
This is one of the more popular altcoins lately. Looking at the holdings of the top 8 addresses, Brother Chai thinks this token is highly controlled: 78% of the supply is held by shady market makers. Short-term total profit and total sales are both 0.
At the current price of 1.2, Brother Chai doesn't recommend chasing the rally. Four of the top 8 holders are ancient addresses, and these market makers got in at a very low cost. If they start selling, the price could crash through support.
In the short term, you could open a small short position. Brother Chai will follow up with plans for adding to the position, as well as take-profit and stop-loss levels. There are always more opportunities 👇
#EVAA
