Some tips for trading meme coins:
If you see a recommendation or a coin, try to confirm 3 things within 30 seconds:
- Current interest – Are there people following the topic of the coin and buying it?
- Can the hype continue? – Is the story behind the coin attractive and can it maintain interest?
- Are there smart wallets entering the coin? – Make sure if the people getting into the coin are big players or just ordinary folks.
If all three points are present, don’t be afraid to sell at a loss if it drops.
If any point is missing, don’t rush to add more.
General tips:
- For a coin that is generating a lot of hype, don’t jump in and out quickly.
- Focus on opportunities that can deliver a strong impact, rather than just doubling your capital.
- Don’t buy just because the price suddenly rises, be smart and don’t fear missing out (FOMO).
- If you’re late to buy, move on to the next one immediately.
- Don’t try every coin, stay focused on a few projects you actually believe in.
- Take what people say about the coin as a reference, but test what suits your approach.
- Don’t mimic others' trades without understanding, because if you don’t believe in your decision, it’s hard to be patient with it.
- Don’t stick to just one coin, broaden your perspective.