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Why EVAA’s trading volume is high: a sharp drop triggered panic selling + a surge in leveraged liquidations. Earlier, there was a one-day blowout with massive short-squeezing, but now it has reversed into a pullback; trading volume has surged sharply (a typical feature of high-volatility instruments).
Related event: it may be profit-taking after the prior big rally or short-term negative sentiment, similar to the earlier pullback pattern.
Estimated outlook later: a high-risk adjustment phase—near term may continue to face pressure or see a violent rebound (after oversold conditions). Extremely cautious: take strict stop-losses; consider low position sizing or stay on the sidelines.
$EVAA