I'm the kind of person who only remembers to "get in" after a meme has already surged a round... then I go check the addresses on the chain to see if some big whales are still adding positions, just to find a reason for myself, being stubborn with my words and even more stubborn with my actions.

But even with all the excitement, you still need to set your stop-loss points in advance, or it really turns into a "narrative faith." My approach is pretty simple: when entering, set a clear liquidation line, and if it drops below, sell half first, and treat the rest like a lottery ticket; if it's perpetual, it's even easier, don’t pretend to use leverage, keep the liquidation distance far enough so I can stay calm.

The collapse points of that chain game are actually quite similar: inflation kicks in, studios flock together, coin prices start spiraling, and once it goes down, it’s hard to recover. If the meme cools off and liquidity dries up, the decline becomes irrational. Anyway, I need to be reminded: don’t treat "it can still go higher" as a strategy, first leave a way out before rushing in.