0.22 this number has already broken through my cost line, $H 24-hour crash of 40% down to 0.2361, highest at 0.5892, current trading volume is 722 million USD and still accelerating, fear and greed index today measures at 14.2 (extreme fear zone 0-20), funding rate is -0.18% with shorts paying the holding costs. Looking back to November last year when $H dropped to 0.31, fear and greed was 7.8+ and the rate was -0.25%, which was a local bottom, now it's more extreme but not to the point of bloodbath, the 0.22-0.24 range with negative funding rate for two consecutive days indicates shorts have been squeezed dry.

I'm demonstrating with my own account: placing an order at 0.2361 with 10% position, stop loss at 0.2080 (4% below previous low), take profit first at 0.2850 (resisted by 24-hour moving average), if tomorrow morning the rate is still negative but price doesn't break 0.22, then add another 5%. Position management must be strict; this is not the time for heavy leverage. The candlestick pattern shows that the sharp drop from 0.5892 to 0.22 yesterday didn't have volume support, but if tonight's trading volume shrinks below 300 million, that would be a sign of stabilization.
Risk warning upfront: fear and greed index below 10 is a historic bottom, now at 14.2 it might continue to drop to 0.19, but the funding rate already reflects excessive pessimism. The emotional turning point = best entry point, don’t wait for the price to rise before chasing. I already hold a core position at 0.2310, profits and losses are your own responsibility, don’t ask me if I can go all-in. If you think my judgment this time is accurate, give a follow so you won’t miss me during the next crash.
Poll: Do you think $H can hold 0.22 tonight? A can, B cannot — I vote A, let the position speak.