Altcoins surge over 40%+; is now the time to jump in or just a "test for the chives"?

The market has been very surreal lately: while you're still hesitating whether to buy the dip, others have already made 190% on ORDI. Meanwhile, SATS and Axelar are also taking off.
The most dangerous thing right now isn't the market trend, but your inner OS:
"Did I miss out?"
"Is it still okay to jump in now?"
To start with the conclusion:
Jumping in now is not an investment decision, but an emotional one.
Because these kinds of market moves have two typical features:
1) The rise is much faster than the fundamentals change
2) The pullback is equally ruthless
In other words, what you're seeing is "rising," but what you buy might very well be "volatility."
Is there a way to participate?
Yes, but you need a different mindset:
Treat it as a "high-risk trade," not a "long-term hold." Set proper take-profit and stop-loss levels, and don't talk about faith.
Finally, I’ll share an old market saying:
When even those who don’t understand the project start making money, risk is already on its way.
So what would I do?
I won't chase the high, but I will watch for structural opportunities after the next correction—after all, the market never lacks the next opportunity.