Spamming a bunch of memes and talking about new narratives again, my hands are itchy, but honestly, the excitement is just liquidity moving around.

My stop-loss is usually set at the point of "narrative failure": no one in the group is repeating the story, on-chain transactions are clearly thinning out, and the K-line starts to leak just from a slight pull...
At this point, instead of talking about faith, reducing positions is more cost-effective than arguing.

Recently, new L1/L2 projects are offering incentives to boost TVL, and veteran users complain that "mining, staking, selling" is no surprise.
When I see projects like this, I tighten my stop-loss even more: once the unlock/airdrop redemption window opens, I calculate based on the worst-case scenario, preferring to lose a little early rather than be the last one holding the bag.
Anyway, memes are not fundamentals, better to stay alive first.