Yesterday, I chased the MO project, entering with a 500K position. It dropped all the way down to 150K before I couldn't hold on and cut my losses. The main reason was that I never clarified the naming issues between MO and LUMO. Plus, I had previously looked at projects like Palu and Bibi, which didn't perform very well, so my psychological expectations were affected. But unexpectedly, today it shot up from the bottom, breaking through 1M.

Reflecting on this, the core driver of this rebound actually comes from the overall market sentiment. A major exchange's project surge boosted the entire market's bullish enthusiasm. During such times, liquidity is abundant, and the profit-taking effect is obvious. As long as the project's narrative isn't too far-fetched and the fundamentals aren't obviously fake, most can follow the trend upward. When the market is good, the weight of choosing projects is often less than the weight of timing—grasping this window accurately is more critical than carefully selecting individual projects.