Don't play with $pnut and $act in the short term or on contracts
Let me explain the reason, and then share a painful story about the coin $gas.
You may not have noticed that after these two coins became popular, they attracted a lot of attention. Instead of benefiting from the rapid gains of many coins in the past few days that have doubled in value, many ended up losing dozens of points due to these meme coins.
Most people playing these meme contracts are losing money and facing liquidation. Additionally, too many people are trying to buy the dip, combined with various scams along the way, making it nearly impossible to win.
So, it’s best not to look at or play $act and $pnut in the short term. If you have confidence in them and can hold on for the medium to long term, buy them and don’t keep checking. Otherwise, the short-term situation can be quite frustrating and affect your trading rhythm.
Now let me tell you about a story involving my friend and $gas. Last year, this coin surged tenfold in the short term, then it crashed dramatically. Later, after analyzing that the coin would rebound strongly, he heavily invested from the teens down to the seventies, only for it to continue falling, reaching a low of the thirties. Now it’s still in the fifties, almost a year later, waiting for a violent rebound that never came. He missed out on other coins and kept trying to buy the dip, thinking a rebound was on the way, but it didn't come, leading to extreme frustration.
Of course, $act and $pnut might not take as long to adjust. I’m just saying that in the short term, under the malicious control of the market, if you can’t win, it’s better to give up. If there is a rebound later, there will be opportunities to get in. Don’t keep obsessing over it during this good market; you can easily lose dozens of points and miss out on the gains of many other coins, which isn’t worth it.
If you can’t win, just hide, don’t get too emotional.
