I played around with event contracts a bit and would like to share my own views.
First, it's important to determine whether the current trend is upward, downward, or sideways.
In a strong upward or downward market, you can just open positions in the direction of the trend and ride the wave.
In a market with weak momentum, you can take counter-trend positions at major resistance or support levels, as it's highly unlikely that these levels will be broken directly, such as the MA256 daily moving average.
If you fail, don't impulsively double down to recover because the win rate of event contracts is only related to the timing of your entry, not how much you invest. Event contracts require a sufficiently high win rate to achieve stable profits, and opportunities for high win rates are rare, so the most important thing is to control your actions.