$EVAA 24-hour increase of 104% to 0.88, but the funding rate suddenly turned negative. I've seen this script three times, each time it was a prelude to a sharp rise followed by a sell-off.

First, some data: the current greed index is 78 (extreme greed), it jumped from 42 in the past 24 hours, with a historical extreme low of 0.42 when the index was at 12 (extreme fear). The funding rate is now -0.03%, a stark reversal from yesterday’s positive rate of 0.05%. The trading volume of 307 million is five times the average of the past 7 days, but the high turnover indicates the main players are pulling profits while pushing the price up. The high point at 0.9868 was not sustained; now at 0.88, repeatedly oscillating, clearly a distribution pattern.
Don’t rush to chase the high. My position record: bought at 0.42, now with a floating profit of 109%, and has been partially sold off. I judge the turning point based on two signals: if it breaks through 0.99 again with increased volume and the funding rate turns positive, it may continue to push to 1.2; but more likely, after overheated sentiment, a correction is coming, with a reasonable retracement zone at 0.75-0.8. Set stop-loss at 0.66 (the previous low), and keep position size within 5% of total funds—this rally is too steep, over 100% increase, so stay calm.
To catch such violent turning points, I usually use EMA12 + funding rate to filter fake breakouts on Gate, mainly watching the changes in contract account holdings. The recent move from 0.42 to 0.98, every time the rate turns positive, the main players dump, the pattern is almost the same.
Sentiment turning point = best entry. Now, instead of chasing the high, wait for panic selling to subside, and only act when the greed index drops below 50. If you think you can beat the exchange’s liquidation bots, go ahead and gamble—anyway, I’ve made enough profit to cash out first. Follow me, and I’ll alert you in advance during extreme fear.