Recently, XMR's trend has been quite fierce. The rally yesterday was strong, with the price approaching the $800 mark at one point, before a more moderate pullback occurred. The short-sellers were caught off guard, with liquidations nearing $4 million, hitting a recent high.

From a technical chart perspective, the signals are quite clear. The MACD still maintains a bullish alignment, but the RSI has already surged to an extreme level of 95, which is a clear overbought signal. The long upper shadow on the daily chart, with especially high trading volume, is indicating that a short-term correction or consolidation may be imminent.

More importantly, the market's funding data shows that the perpetual contract funding rate has remained positive and has never turned negative. What does this mean? It indicates that the main capital is not retreating; the positions are tightly controlled. The entire process is about continuously fighting against the short-side counterparties, using high funding rates to squeeze out stubborn opposite orders. As long as the rate stays positive, this momentum is unlikely to reverse quickly.

From an operational standpoint, chasing longs now offers a poor risk-reward ratio. Going short is even more unrealistic—it's like picking cherries in a fire, with too much luck involved. The real opportunity lies in understanding the correction cycle and patiently waiting for a risk-controlled entry point. Paying attention to real market signals like funding rates and trading volume is often more reliable than just looking at candlestick charts.

The key at this stage is to break free from mindless follow-the-leader behavior and shift towards understanding the actual market logic and the true intentions of the main players.