$SNXX Within 24 hours, it fell 33% to 10.31. This wave of panic directly broke the bottom of the “fear and greed index” over the past three months—what does the funding rate at -0.05% say about how crazy the shorts have gotten? Last year, the average rebound after similar data came out was 40%.

The current market sentiment is in an extreme value range. Historically, this type of oversold signal has only appeared twice: once at the end of September last year, and once after the policy crackdown in February. Both times triggered turning points. Now look—trading volume of 280 million is 3 times the usual. Retail traders are cutting losses, while the big players are moving in.

Don’t talk to me about any technical analysis—sentiment is king. I’ll build an initial position of 2% in the 10.0-10.3 range, set my stop-loss clearly in the 9.5 area, and set a take-profit target of 13.0. Note that I’m talking about scaling in, not going all-in recklessly.

A sentiment turning point equals the best entry. If you’re right at this spot, you’re with me; if you’re wrong, you’ll be slapping your thigh. If you want to follow, leave a mark at the bottom-right corner.