I almost had a heart attack when I opened my eyes in the morning.

The green number on the screen made me doubt whether I was still in a nightmare – it dropped this much? Glancing at the chart, the last line of defense is around 1.91, without hesitation I went long, setting the stop loss at 1.55.

The charm of cryptography lies here; in the next second, you might have to pay for your own confidence. The position hasn't even warmed up yet, and the price starts racing towards the liquidation line. Watching it about to breach, you grit your teeth and cut a portion of the position to stem the bleeding.

Surviving until 2.1 - the rebound high point I predicted, I finally managed to withdraw intact, breaking even can be considered as regaining half my life. They say a person must experience life and death to attain enlightenment, and that’s really true; those few minutes just now, I truly felt it.

The daily line must close above 1.86 now, otherwise the entire structure will collapse. Want to go long again? You have to wait for the price to drop to the weekly support around 1 before daring to touch it.

What’s even more disgusting is that the funding rate is still positive—longs trapped at the peak not only lose money but also have to pay funding fees every eight hours. Isn’t that just rubbing salt in the wound?

This is a typical price psychological warfare: the market makers forcefully push it up (purely manipulating the market), and when it drops, you think you can buy the dip, but in reality, they don't give any chance for a rebound and just let it spiral down into a death spiral. You're trapped and reluctant to cut losses, getting deeper and deeper, and in the end, you can only comfort yourself with "at worst, I'll be liquidated." But what if it really happens? The first thought is definitely "I'm sorry, family."

So for this kind of meme coin, a full allocation of 1-5% is already pushing it; the volatility can scare you into having a heart attack. Of course, if you're an adrenaline junkie, forget I said anything.

Last sentence: Don't try to catch the bottom during a decline, if you really want to test it, do it with a small position. In short, stay away from shanzhai.