#EVAA 15m Setup: Parabolic Top Forming? Shorting the Pullback! đđŻ
$EVAA has been on an absolute tear today, up a staggering 125%! However, looking at the 15-minute chart, momentum is heavily fading. After failing to hold the highs, we are seeing a strong series of lower highs and lower lows.
If the sellers maintain control here, we have a great setup for a short-term correction. Here is the plan:
đŽ Direction: Short
đ Entry: ~1.1981
đŻ Take Profit 1: 1.0500
đŻ Take Profit 2: 0.9000
đŻ Take Profit 3: 0.7557
đ Stop Loss: 1.4619
â ïž Pro Tip: The Risk/Reward here is excellent (1:1.6). Because this coin is moving so fast, once TP1 hits, move your Stop Loss to your entry price to make the trade risk-free! đĄïž
Are you shorting this pullback, or waiting for a bounce to go long? Let me know below! đ
$EVAA
$EVAA has been on an absolute tear today, up a staggering 125%! However, looking at the 15-minute chart, momentum is heavily fading. After failing to hold the highs, we are seeing a strong series of lower highs and lower lows.
If the sellers maintain control here, we have a great setup for a short-term correction. Here is the plan:
đŽ Direction: Short
đ Entry: ~1.1981
đŻ Take Profit 1: 1.0500
đŻ Take Profit 2: 0.9000
đŻ Take Profit 3: 0.7557
đ Stop Loss: 1.4619
â ïž Pro Tip: The Risk/Reward here is excellent (1:1.6). Because this coin is moving so fast, once TP1 hits, move your Stop Loss to your entry price to make the trade risk-free! đĄïž
Are you shorting this pullback, or waiting for a bounce to go long? Let me know below! đ
$EVAA
