Let's talk about my thoughts on the second paragraph recently Since March, the overall feeling on the chain has given me that there are too few good targets, resulting in the emergence of a target that most people are optimistic about, even if it does not pull back to the ideal position, everyone will rush to buy it. For example, $dark, I am very optimistic about the opportunity to buy the second stage, my expected dip buying position is 5M-7M market capitalization, and horizontally compared with some AI coins with similar fundamentals last year, even if the decline adjustment takes a long time, it is basically over within one to two weeks, but $dark actually lasted above 10M market value for a month, as soon as this support level arrived, there were retail investors buying the bottom, I also tested the position several times, and finally saw that the K-line was too bad and gave up. $launchcoin At present, I feel the same, I am set in the 50M-80M range of the more cost-effective bottom-buying position, but the bullish consensus of this coin is also very strong at present, it has been consolidating for 23 days, and some people have been rushing to buy it without falling in place, but the daily line of the past few days is this very short K-bar entity + long upper shadow, which gives me a feeling that it is not very strong. I also valued this narrative at the beginning to be higher than the market value of 1B, which is against other coins that appeared when the market was good last year, such as $ai16z, as for how this coin will go in the end, I can't predict, but my principle is that I would rather go short than buy heavily if it is not in an ideal position. Everyone is optimistic about why it can't rise? Then I can only guess that it is because market makers are not confident in the overall on-chain liquidity, and they will hand over the goods to everyone first when they see that everyone is very enthusiastic about buying them. So I suggest that you must think about a few things when doing the second paragraph recently: 1. Is the current price cost-effective? 2. Where is the stop loss set, and how much money will I lose? 3. Is the narrative still in the stage before value discovery? 4. Is there any continuity in the narrative? What are the follow-up expectations? You can substitute these questions into coins such as $IBRL $trenches which have a lot of bullish people recently, and think about why these coins don't even have a two-stage rally.