$EVAA Position unrealized loss of 180k, surged 111% in 24 hours, but I chased short at 0.92, with a bottom position cost of 0.89 and got stopped out for profit-taking. Now I’m reversing and adding to long positions. Don’t follow my example; this trade plans to take 20 points and then exit.

Real-time data: current 0.8972, 24h high 0.9868, low 0.4223, trading volume 300 million USD. Massive turnover indicates fierce battle between bulls and bears in the 0.85-0.98 range; the main force is not choosing a direction but shaking out traders. My logic: a volume-reduced pullback to 0.88-0.87 is a buying point, a volume breakout above 0.92 is a adding position point.
Complete trading plan: position: 10% of total funds, try long with 30% near current price, remaining 70% wait for stabilization signals. Entry zone: 0.882-0.905, stop loss 0.855 (if it breaks the previous low of 0.84, stop loss expands to 0.82). Take profit in two levels: first target 0.95, second target 1.02. Pending order strategy: place a 10% long order at 0.885, 10% add-on at 0.872, automatic trailing stop for take profit.
Forecast two scenarios: Scenario A — pull back to 0.88 without breaking, and 30-minute price recovers above 0.90, indicating strong bullish support, add positions up to 80%, watch for above 0.97. Scenario B — break below 0.87 with increased volume, indicating bulls are exiting, immediately close longs and go short, target 0.80. Focus on volume: current 24h turnover rate 258%, if it shrinks below 100 million, a trend reversal may occur.
This wave is similar to early BOME: high turnover + intense volatility + bloodsucking effect. If tonight stabilizes above 0.91, there’s a high probability of pushing to 1.0 tomorrow. I’m betting on emotional diffusion and Gate capital rotation, not fundamentals.
Results will be updated in the comment section.