To be honest, I love watching the lively meme scene too. But once my emotions kick in, the TVL starts to feel like just background scenery… Still, if I really decide to take a position, I’ll first spell out the “narrative invalidation point.” For example, when the hype depends on KOL reposts and people spam the group chats—once the interaction drops, I treat it as the story being over, and I’d rather make less profit. I don’t make stop-loss complicated either; usually I just force the cut at the amount of loss I’m able to accept, instead of waiting for a “quick rebound.” You can see this in chain games during economic meltdowns: the whole package of inflation + studios + a coin-price spiral wipes everyone out, and in the end, everyone is just waiting for someone else to be the one to take the bag. In plain terms, memes are basically the same underlying chord—just with a faster tempo. Anyway, my approach right now is: before entering, think through the most humiliating exit posture. Once it comes to that, do it—don’t try to argue with the market.