Important Bottom Indicator - Greed and Fear Index

💰 As the saying goes, "When others are fearful, be greedy; when others are greedy, be fearful." Since the market always operates according to the 80/20 rule, we must strive to become that 20%.

💰 From historical data, every time the Fear Index drops below 20, it signals a bottom, at least a short-term bottom. For example, in 2021, it dropped below 20 multiple times, all resulting in strong rebounds or new highs in the following weeks. What’s more noteworthy this time is that it has dropped below 20 multiple times, yet Bitcoin and Ethereum have not fallen below the bottom of the range. This indicates strong buying power below, with only retail investors panicking and selling.

💰 How to proceed: From a medium to long-term perspective, investing a portion every time the Fear Index drops below 20 is always a good choice. "Buy when no one is watching, and sell when the crowd is roaring" is a fundamental skill every trader must possess.

💰 Therefore, I officially begin my bottom-fishing plan, primarily targeting the platform token mnt, and may choose to rebuild positions in the stablecoin WLFI! (I think the current price is not suitable) Go mnt, go cryptocurrency, defeat gold!