$1000CHEEMS

As a system learner of technical analysis, although I have been in the Hong Kong and US stock markets for many years, the pace of the cryptocurrency world still makes me realize what it means to be "ever-changing." My first attempt had a small principal, only 150 USDT, with a small leverage, but five trades made me experience the complete trading chain of stop-loss, take-profit, and defensive exit.

Two stop-losses taught me not to overly trust so-called "technical levels." Even seemingly solid support can be instantly breached. Small cryptocurrencies that lack liquidity are more prone to "false breakouts" or "stop-loss hunting" situations.

Stop-loss is certainly painful but necessary; technical analysis is not omnipotent; it is only part of the probabilities, and there are too many moments when market fluctuations exceed logic.

The only trade that reached the predetermined level can only be described as the combination of luck, discipline, and planning. If I had not exited according to plan, the result could have been a completely different outcome.

Meme coins like Cheems, assets with poor liquidity and high volatility, amplify the importance of technical analysis through emotions and news. The effectiveness of combining Bollinger Bands and RSI is still relatively high, but viewing the cryptocurrency market with the mindset of the US or Hong Kong stock markets is clearly insufficient. It also made me rethink the survival strategies for small accounts; having small positions to experiment and taking profits and losses in batches is more logical than going all in.

Trading is a long-term self-cultivation. Regardless of how the market changes, calmness and discipline are the foundation for long-term survival. Every trade, even if it is a mistake, is a cornerstone for the future.