Recently, the bearish sentiment towards SIREN has been growing stronger among everyone, and seeing this change makes me a bit uneasy.
The project itself is strong, but this sudden shift in sentiment makes me feel somewhat shaken. I have already withdrawn my principal, and now I also plan to pull out a portion of my profits.
If this round does not see a proper pullback, I will not be adding to my position again.
Reflecting on some of my past operations, many projects that were originally set to yield huge profits ended up losing money mainly due to adding to positions during pullbacks in the midst of rapid price increases.
For example, the cost of Dogecoin was 0.07. When it rose to 0.48, I failed to take profits in time, and when it pulled back to 0.3, I added to my position. As a result, it dropped to 0.2 and I added again, ultimately falling to 0.1 where I didn't add any further.
This kind of repeated operation ultimately led to what could have been a 7-fold profit, ending up nearly in a loss instead. This is a classic mistake caused by a lack of firm conviction.