$EVAA lost the 1.4 level, where pending orders and stop-losses are usually most concentrated.
After it breaks below, stop-losses on long positions below can be triggered one after another, causing a rapid sell-off; but if large buyers step in at lower levels, the price could also rebound above the level.
Would you chase the move or sit on the sidelines?
After it breaks below, stop-losses on long positions below can be triggered one after another, causing a rapid sell-off; but if large buyers step in at lower levels, the price could also rebound above the level.
Would you chase the move or sit on the sidelines?
