These past two days, memes have started heating up again. On-chain, it looks lively, but I’ll write my “stop loss” for myself before I place the order—not wait until the emotions cool down to remember it. Put simply, meme narratives are like night-market fireworks, and like a rolling snowball—one is pretty, the other is deadly.

When it gets to those extreme moments with funding rates, whether the group is arguing about a reversal or still continuing to squeeze the bubble, I care more about one small detail: is the new bid still getting thicker, or are only high-leverage players left, propping each other up? My approach is pretty old-fashioned: first set a “loss amount I can accept.” Once you hit the line, you get out—don’t change the rules just because you looked a couple more times. If you really want to stick around for the ride, then cut your position smaller and exit in two stages, leaving some room for probability—not for fantasies.

That’s it for now.