I just scanned the WeChat community and Binance Square, and noticed that many people seem to have started chasing altcoins with high leverage as the altcoin season appears to have arrived, especially after a certain domestic project surged, creating a lively atmosphere in the CEX.

A reminder:

In fact, many people lose a lot of money during a bull market because they get overly excited, suffer from FOMO (fear of missing out), chase highs with high leverage, and fail to set stop-losses to manage their positions.

Using a strategy of buying in an uptrend can indeed work when market sentiment is good, but the prerequisite is to set strict stop-losses for every trade, or to use high leverage with a position size that allows for liquidation to serve as a stop-loss.

Otherwise, you might end up crying.