Here's my take on trading volatile meme coins like $DOGE and $SHIBAINU. I use a simple Trend Trading strategy. I don't predict bottoms or tops; I focus on momentum.
My strategy involves identifying a clear market trend and trading with it. For me, an entry point appears when an uptrend is confirmed by technical indicators like moving averages showing a consistent upward direction. Given the volatility of meme coins, this strategy helps me avoid emotional decisions based on short-term noise.
However, risk management is crucial. I always use stop-loss orders because trends can reverse unexpectedly. In my opinion, the key with assets like DOGE and SHIB is not to be the first one in, but to not be the last one out. Ride the wave, take profits, and don't get caught when the tide turns.
