Meme, to put it simply, is emotional leverage. When it's lively, you think you're chasing a narrative, but you're actually chasing the direction of someone else's finger... I now set my stop-loss quite strictly: before entering the market, I write down "How much loss I can tolerate," and then cut it at the right time, not arguing with the candlestick chart. On-chain, I only look at two things: the net flow of large transactions in and out of exchanges, and whether smart money is starting to sell off in batches; once both of these change significantly, even if the group is still saying "stable," I will withdraw first.

Recently, a bunch of people are talking about pledge unlocking/token unlock calendars, and the anxiety about selling pressure spreads rapidly, with too much information making it overwhelming. My own filtering method is: unlock news is only seen as a "volatility amplifier," not as a direction indicator; what truly determines whether I hold my position or not is whether the capital flow has caught the trend. Anyway, I’d rather earn a little less than be the last person telling the story.