$EVAA — Another Massive Move Coming? Watch These Critical Levels 🚨
OI is climbing with price, reaching around $15M. Global long/short accounts are near 0.60, while top traders' position ratio is around 1.44. Short accounts are higher, but bigger trader positions remain net long. My biggest concern is funding: OI-weighted funding has surged close to +0.10%. Longs are paying heavily, and a sudden pullback could trigger a long squeeze.
The liquidation heatmap shows liquidity around $2.45-$2.50 and $2.55-$2.60 above. Below, watch $2.20-$2.25, $2.00-$2.10 and $1.75-$1.85.
CVD remains bullish: 1H futures CVD around +$17M and spot CVD +$1.8M. On 15m, futures CVD is +$1.7M and spot +$204.8K. But overall and futures orderbook delta are negative, while spot delta is slightly positive. Taker buying and selling are almost balanced.
Flows are also positive overall. 24H futures inflow is +$5.1M against spot +$375.8K. At 4H, futures are +$2.1M and spot +$453.8K. Recent 5m-30m flows are positive on both sides, but 1H futures flow turned negative while spot remained slightly positive. Futures are doing most of the buying.
My view: the trend is bullish, but I don't want to chase near $2.40 with funding this high and $2.48 acting as resistance. A short squeeze is possible, but crowded longs are now a real risk too.
My $EVAA long configuration:
Current Entry: $2.38-$2.40
Recommended entry: $2.15-$2.25
Deeper pullback entry: $2.00-$2.10
TP1: $2.55
TP2: $2.75
TP3: $2.90 (maximum target)
SL: Below $1.95
Once price reaches the entry zone, wait for a 15m candle close with a bullish reversal and improving spot/futures flows. Price is moving fast, so 15m confirmation should be enough. Guys, if you want more safety, wait for a 30m confirmation.
I'm staying patient here. High funding can remain elevated, but if momentum turns, the pullback can be brutal. Don't chase and protect your capital first. 🐱
OI is climbing with price, reaching around $15M. Global long/short accounts are near 0.60, while top traders' position ratio is around 1.44. Short accounts are higher, but bigger trader positions remain net long. My biggest concern is funding: OI-weighted funding has surged close to +0.10%. Longs are paying heavily, and a sudden pullback could trigger a long squeeze.
The liquidation heatmap shows liquidity around $2.45-$2.50 and $2.55-$2.60 above. Below, watch $2.20-$2.25, $2.00-$2.10 and $1.75-$1.85.
CVD remains bullish: 1H futures CVD around +$17M and spot CVD +$1.8M. On 15m, futures CVD is +$1.7M and spot +$204.8K. But overall and futures orderbook delta are negative, while spot delta is slightly positive. Taker buying and selling are almost balanced.
Flows are also positive overall. 24H futures inflow is +$5.1M against spot +$375.8K. At 4H, futures are +$2.1M and spot +$453.8K. Recent 5m-30m flows are positive on both sides, but 1H futures flow turned negative while spot remained slightly positive. Futures are doing most of the buying.
My view: the trend is bullish, but I don't want to chase near $2.40 with funding this high and $2.48 acting as resistance. A short squeeze is possible, but crowded longs are now a real risk too.
My $EVAA long configuration:
Current Entry: $2.38-$2.40
Recommended entry: $2.15-$2.25
Deeper pullback entry: $2.00-$2.10
TP1: $2.55
TP2: $2.75
TP3: $2.90 (maximum target)
SL: Below $1.95
Once price reaches the entry zone, wait for a 15m candle close with a bullish reversal and improving spot/futures flows. Price is moving fast, so 15m confirmation should be enough. Guys, if you want more safety, wait for a 30m confirmation.
I'm staying patient here. High funding can remain elevated, but if momentum turns, the pullback can be brutal. Don't chase and protect your capital first. 🐱
