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Recently, memes have become popular again, and in the group, everyone keeps talking about narratives, which sounds pretty exciting, but all I can think of is: this thing doesn’t make sense when it drops.
My usual stop-loss isn’t based on price, but on whether I can still clearly explain why I’m holding: once it turns into “everyone’s buying,” “ETF funds are flowing in again,” “US stock risk appetite is driving it,” and similar excuses, I just assume I’m looking for reasons to tough it out and I’ll cut half first.
The remaining part is just like a lottery ticket; losing it won’t affect my sleep.
Additionally, I’ll take a closer look at the authorizations before signing, especially since meme hype brings a lot of phishing links.
Don’t hand over your wallet just to chase after a pump… Tonight, I’ll scan the permissions of my commonly used wallets again and update the whitelist of cold wallet addresses while I’m at it, just for now.