When I get the itch to chase a rally, I now pause for three seconds and ask myself: What new information have I actually added, or am I just being carried away by the momentum of the candlestick? Honestly, if it's just "everyone is rushing in" or "I'm afraid of missing out if I don't buy," then it's emotion pushing the position, and chasing in will likely just teach you a lesson through volatility.

Recently, watching the new L1/L2 projects offering incentives to boost TVL is quite typical too. It's lively, but veteran users complain that "mining, selling" also makes sense. Liquidity is like stirring pudding—stir too fast and it looks bubbly on the surface, but inside it's still not uniform... I anyway prefer to split my positions into smaller parts, first observe whether the funds are here to do something or just to run. That's it for now.