$EVAA The current price is at a historical low range, and short-term oversold rebound momentum is emerging. It is recommended to consider allocating long positions to capture potential recovery opportunities. Specific observations are as follows:
1. Market Review: Since the contract went live more than two months ago, the price has continuously declined from a high of 13.7, reaching a low of 0.6 yesterday, with a cumulative drop of nearly 96%, entering a deeply oversold area. Yesterday, the price rebounded, rising 46% in a single day.
2. Technical Signals: After hitting a peak yesterday, the price underwent a four-hour technical correction. The current price has shown upward momentum again, and a short-term bottom structure may be forming.
3. Market Data: The current contract open interest is over 5 million USD, roughly equivalent to the market capitalization size, indicating that the market structure is relatively tight and price fluctuations may be quite elastic.
4. Operational Strategy: At the current position, consider lightly testing long positions, with strict stop-loss set below recent lows. If the price can break through yesterday's rebound high, it is expected to open further upward space.
5. Risk Warning: This variety has experienced a huge drop previously, and market sentiment remains fragile. The rebound process may be accompanied by significant volatility. Please pay attention to position control and avoid blindly chasing highs.
