Last night I got caught again. The plan was to test with a small position, but I impulsively placed the order, got slippage filled fully, and the execution price was a chunk higher than my target line… To be honest, it’s not the market trapping me, it’s that I didn’t look at the depth and just acted too quickly. On-chain pools that look like they have volume are actually like a milk tea shop with only half a bucket of pearls left—you order ten cups at once, and the last few can only get the leftover bits, so the price naturally gets distorted.

Reflecting on it, there are two points: first, don’t treat liquidity with a “market order all-in” approach for assets with average liquidity—place orders in multiple parts and leave yourself time to cancel; second, before placing an order, take a quick look at the order book/pool, and have a mental note of whether “this order might scrape the bottom of the pot.”

Recently, social mining and fan tokens are heating up again. Attention is indeed like liquidity, but it’s also very thin. When a group rushes in simultaneously, the first to slide are the price and sentiment. I now prefer to go a bit slower—hot tea doesn’t need to be poured out immediately, and my positions shouldn’t be dropped and shattered. That’s all for now.