$EVAA Buyers are getting way too confident around here… and I think this is going to end badly.
I'm opening a BIG short position in $EVAA here.
TP: $0.85
SL: $1.43
After a rally like that, everyone still treats every dip as another buying opportunity.
But now the behavior is changing.
Volume is declining, the recovery is losing steam, and selling pressure is starting to show up again in this area.
This is exactly what I wanted to see before going short.
If buyers lose this level for good, I don't think we'll see just a small correction.
I'm watching for a much deeper drop, down to $0.85.
So keep buying the dip if you still believe the rally isn't over
If it hits TP, come back here afterward and tell me how buying the dip worked out for you.
I'm opening a BIG short position in $EVAA here.
TP: $0.85
SL: $1.43
After a rally like that, everyone still treats every dip as another buying opportunity.
But now the behavior is changing.
Volume is declining, the recovery is losing steam, and selling pressure is starting to show up again in this area.
This is exactly what I wanted to see before going short.
If buyers lose this level for good, I don't think we'll see just a small correction.
I'm watching for a much deeper drop, down to $0.85.
So keep buying the dip if you still believe the rally isn't over
If it hits TP, come back here afterward and tell me how buying the dip worked out for you.