Buying ORDI at the top was mainly driven by the narrative hype. Adding to the position all the way down was an attempt to replicate the past success of a rebound after a drop. Buying BOME at the top was mainly driven by emotions. Adding to the position all the way down was an attempt to replicate PEPE's early pattern ➤ shakeout, pump, shakeout, pump. Buying PEPE at the top was mainly driven by emotions. Many people bought in on the right side of the Christmas tree chart, either trying to replicate the previous trend or falling into the 'whale accumulation' trap.