A certain Meme coin experienced a sharp decline from $0.165 to $0.038 in a short period, with a single-day drop of 77%. Such movements are common in the crypto market, but every time, the same question is asked—what exactly happened?

The answer is often simpler than imagined: pump, dump, crash. This trilogy repeats itself, yet some participants still believe "this time will be different." On the technical side, RSI approaches extremes, and prices hit new lows, but during moments of emotional collapse, these data points essentially lose their reference value.

The Meme coin game has entered a delicate stage—participants all want to be hunters, unaware that they might very well be the prey. The dilemma of "bottom fishing or stop-loss" essentially reflects a deeper question: do you truly understand your position in this market?

Is it about admitting that this is a gamble, or facing the reality that you might not be an "early player" but a "late participant"? This choice determines subsequent actions.