$EVAA has lost the 1.3 level. Two scenarios from here:
① A bounce fails to reclaim 1.3 → the level becomes resistance, with the 24h low at 1.0136 as the next level to watch below.
② Price quickly moves back above 1.3 → this was probably just a wick, and short sellers could get squeezed instead.
Personally, I’m paying more attention to how the first bounce is received.
① A bounce fails to reclaim 1.3 → the level becomes resistance, with the 24h low at 1.0136 as the next level to watch below.
② Price quickly moves back above 1.3 → this was probably just a wick, and short sellers could get squeezed instead.
Personally, I’m paying more attention to how the first bounce is received.