$MVLL 19.97, down 23% in 24 hours, hitting a low of 19.71—some people can’t take it anymore and are cutting losses. Guess what happens at this level today: bottom fishing or catching a flying knife? Don’t rush to scroll to the next coin—let me tell you the truth with two emotion-based data points.

The current MVLL fear-and-greed index has fallen to 18 (deep fear zone). The last time it was this low was on September 26; afterward, the price rose from 21 to 27, a gain of 28%. What about the funding rate? Right now it’s -0.04%, meaning the shorts are already lined up to the end of the street.

Compared with history: when the funding rate is below -0.05% and the price is still dropping, it often means the short pressure is exhausted. For example, after the -0.06% event in July, there was a 15% rebound within two days.

Now the extremes are all aligned: fear at 18, funding at -0.04% (slightly negative), and the price is still hovering around 19.97. Even better, the 24h trading volume is as high as $14.40 million, suggesting both panic and trapped positions have been released—but the volume hasn’t dried up, which means someone is接ting the sell pressure.

My take: the emotional turning point is coming soon. If the next few hours hold steady above 20.00 without breaking it, then 19.97 is the short-term bottom. Trading plan: go in lightly (start with 10% position size), place orders between 19.80 and 20.00, set stop-loss at 19.20, take profit at the first target 22.50 and the second target 24.00. If the close holds above 21.00, you can add up to a 20% position. Never go heavy, because after extreme sentiment there may still be one final drop.

Remember: money in the market is never made by chasing pumps. It’s made by being that sharp “接盘侠” when others are panicking. An emotional turning point equals the best entry. Follow me—next time, don’t stay up staring at the chart alone.