$PLAY Nearly a 19% crash in 24 hours, is the ultimate moment of bulls and bears killing each other here? The fear and greed index today reports 11, and historically, only during the 2022 bear market bottom did it reach this level. Funding rates turning negative, perpetual contracts' longs getting liquidated—such extreme coupling has accurately marked the bottom of the wave twice in the past.

The current price is 0.0334, rebounding more than 10% from the intraday low of 0.0302. This is not a bottom-fishing gamble on a reversal, but a risk-reward game after extreme sentiment. I will tentatively open 10% of my position in the 0.032-0.034 range, with a stop loss below 0.029—breaking the previous low indicates panic hasn't fully subsided. If it pushes back above 0.038, take half profits first, and watch for 0.04.
Sentiment turning point = the best entry. But remember, extreme sentiment is just a signal; position management is everything. Don’t think about recovering all losses in one shot—pick up slowly. I am that veteran trader who has survived many waves, only sharing my own trading records, not responsible for your wallet. Valid within 7 days; keep an eye on fee rate and trading volume changes.