First of all, you need to understand that 99% of people on these coins will merge and leave with almost zeros - so the main task is not to be on the list of these and therefore act like the remaining 1%. There are many of them and the principle of trading on them is the same, but I only marked 3 on the chart due to the limitation ⬇️
1) Short-term - all memecoins provide an opportunity to earn in a short time - holding and hodling is the most erroneous path.
2) In parts - not with the entire budget - the entry strategy should be stepwise - i.e., the main budget should be divided, for example, into 10% and invested step by step by 10% at each decrease for the next 10%.
3) Moment - it is not worth entering at the peak - everyone probably knows this, but it has particular significance in memes - the drop (dump) after a rapid rise (pump) can be much greater than the rise, and this is normal for memes - after all, someone has to take the liquidity. Only at the moment of growth and intensification of media coverage from the media. As it starts to rise, you should try in parts (only add during a drop).
4) Community - it is necessary to thoroughly understand the overall mood in the community supporting this memecoin - it is their fanaticism that increases engagement and the growth of the token. Check Twitter, Discord, Telegram, and even YouTube accounts and read the opinions of the fanatics - do not believe - they are always excessively inflated - only the mood matters. And of course, verify the credibility of information about those who support it - do not fall for fakes.
5) Exit completely after reaching 5x and do not re-enter during a 'correction' - this is your insurance - many start to lose profit at this moment. If you want to re-enter - start everything from step 1, but invest no more than 20% of the profit obtained from this meme, and you can invest the rest in more stable and promising projects if the overall market trend is bullish - BTC, ETH, SOL, LINK.
What rules would you add to this list?
