【$EVA Signal】1H encounters resistance, wait for a pullback confirmation

$EVA 1H surges then falls back; the 4H Bollinger middle band at 0.7209 acts as resistance, and the current price 0.7012 is stuck between the 1H EMA20 and EMA50. The MACD 1H histogram contracts, weakening bullish momentum. The 4H MACD shows a golden cross, but the price hasn’t managed to hold above the middle band, so the structure is relatively weak.

🎯 Direction: Watch (pullback orders)

⚡ Entry/Order: Wait near the lower boundary of the 0.7010 - 0.7098 range to lay orders

🛑 Stop loss: 0.7833

🚀 Target 1: 0.5630

🚀 Target 2: 0.4896

🛡️ Trade management: - Execute strategy: after reaching Target 1, reduce the position by 50% and move the stop loss to breakeven. If the price drops back to the entry level, automatically exit to protect the principal.

The order book depth is slightly imbalanced to the downside; the funding rate at 0.0291% is not extreme. The long upper wick about 1 hour ago around 0.752 suggests sell pressure concentrated there, but the buying side failed to keep following through. The current risk-reward ratio is acceptable, but you need a price pullback to confirm the strength of support; chasing higher directly doesn’t deliver an ideal risk-to-reward ratio.

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