Deciding whether to take over a position is actually straightforward — just calculate with concrete numbers. Let's say the top of this wave is at 12.6. What's the probability it really drops to 8? Even if it does drop to 8, a rebound to 20 is only a 1.5x return. Using such a large drawdown risk to bet on a 1.5x gain just doesn't make sense no matter how you look at it.

Honestly, there are plenty of quality targets on the market. There's no need to take this loss. The logic is simple — since you've already operated well in this round and successfully exited at the top, there's no need to rush to get in unless the price becomes cheap enough. History repeats itself: in the last cycle, it dropped from 6.9 to 4.8 and people thought it was the bottom, but it ended up getting cut in half to 1.5. How many people got liquidated in this kind of back-and-forth.

Of course, if you're mentally prepared and entering at 9 yuan can calmly accept a drop to 7 or even a breakdown to 5-6, then I wish you good luck. But the prerequisite is that you need to think clearly about the maximum loss you can accept.