FOLKS, this wave of market action indeed has a bit of a “knife-mouth tofu-heart” vibe. It shot up to a high point and then dropped straight down. Friends who didn't set proper stop-loss orders definitely took some retracement hits. My own positions didn't immediately chase after the stop-loss, and in hindsight, it's a bit regrettable, but I don't regret having set a risk defense line.

To be honest, my logic for dealing with these kinds of altcoins is very simple — act when it’s time to act. Once a trend reversal is confirmed, never hold onto the hope of bottom fishing. Market rebounds are often deeper than you think, so instead of betting on a small rebound, it’s better to wait for clearer signals before jumping in.

Currently, the main market is fluctuating around $26. From a high-altitude perspective, the risk still outweighs the opportunity. The impact of the Federal Reserve FOMC meeting is still unfolding. Under such macro uncertainties, maintaining caution is the best strategy. Continue to be bearish, consider participating only after a pullback is complete — this is a more prudent approach.