$EVAA USDT PERP: REVERSAL WARNING AS PRICE HITS UPPER BOLLINGER BAND
Short Trade Signal
Trade Setup:
• Entry: Short entry confirmed on the current candle's rejection of the upper Bollinger Band (approx. $3.8726, or wait for confirmation candle close below this level).
• TP 1 (Target Price 1): \bm{\text{\$3.7174}} (Middle Bollinger Band/20-period MA)
• TP 2 (Target Price 2): \bm{\text{\$3.5027}} (Lower Bollinger Band)
• SL (Stop Loss): \bm{\text{\$4.1000}} (Just above the recent high/wick)
Short Outlook of Market:
The 15-minute chart for \bm{EVAAUSDT Perpetual shows the price has had a strong move up to the $\text{\$4.1000}$ level, but the latest candle is showing a sharp rejection from the Upper Bollinger Band (BB UP: $\text{\$3.9321}$). The current price (}\text{$3.8726}$) is below the upper band, indicating a potential 'mean reversion' trade back toward the 20-period Moving Average (MA) which is the middle Bollinger Band (BOLL: \bm{\text{\$3.7174}}). The sharp red candle following the spike high confirms selling pressure and a short-term bearish reversal. The price is currently down \bm{\text{-14.29%}} for the day, suggesting overall bearish sentiment is still dominant despite the recent rally.