A certain Meme coin dropped nearly 20% in a single day yesterday. Is this correction a trap set by the market or a temporary pause in the decline? Many are debating whether to buy the dip.

Let's look at some key levels—

If the rebound can hold above 0.243, it indicates buying support and may suggest a temporary bottom. But if the rebound is weak and cannot stabilize above this level, the trend remains weak, and caution is advised. Looking below, if the price drops below 0.216 with increased volume, short-term risk significantly rises. At such times, never go against the trend and buy the dip impulsively.

For high-volatility assets like Meme coins, sentiment swings quickly. After a sharp drop, the price either rebounds strongly or continues to decline, making it hard to predict. So if you really want to participate, the core principle is simple—use only small positions to test the waters and never hold a heavy position. More importantly, set your stop-loss levels in advance to prevent emotions from dictating your trades.

Frankly, mainstream cryptocurrencies like Bitcoin should be approached with caution, and Meme coins require even more risk control. Watching the market unfold is often safer than jumping in yourself.

Are you watching this coin? What do you think about this decline—an obvious trap or a bear market rally? Feel free to share your thoughts.