Meme excitement is really lively, but before I make a move, I check the order book: the bids are as thin as paper, and the depth disappears with a single pull. I treat that kind of situation as fireworks—set your stop-loss first and don’t rely on "feeling it can bounce back." I usually use two layers: the first is when the price breaks through the liquidity level I’m watching, I cut a little; the second is when slippage starts to behave abnormally (even though the volume isn’t big, it crosses multiple levels), I just walk away. Better to miss out than get "liquidity punished." Recently, the NFT royalty debate also feels similar: everyone wants creators to earn, but if secondary liquidity is poor, ultimately both buyers and sellers suffer together. Anyway, what I fear most isn’t slowness, but chaos—slow can be waited out, but in chaos, you don’t even know which level to press for your stop-loss.

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