A SIMPLIFIED GUIDE ON FINDING ENTRIES AND EXITS — the newbie guide.
Finding good entries/exits has always been majority of normie's shortcomings
While few argue that technical analysis
works on memecoins ,a huge number disagrees because it is volatile.
Both are correct,TA works but definitely not at the early stages of volatility because there are fundamental factors that affects the meme space. I'll list a few factors that could help with better approach on entries & exits.
• Experience and knowledge: This helps in building your conviction strength.
• Narratives: It is important to identify huge narratives from a minor one. These would help in your analysis on how to tell an undervalued gem or one that has likely hit threshold.
• SIGNALS : Quit excessive reliance on signals. Majority of shillers are not here to make you money but to work for their bags,add to their POW as a tool to get good jobs and invites to cabal groups.
High dependency on signals will hurt your portfolio as you continuously spam in wrong entries and exits out of fright. Trade with Conviction not emotion. Be your own alpha
•FOMO: Never buy into pumps because you fear missing out,just because the train leaves doesn't mean the station closed,memecoins are endless. Don't make impulsive decisions based off market hype. Be patient and wait for clear setups .
•DCA: Dollar cost averaging without a clear direction will lead to more losses.
•Bundles: Bundles in memecoin are multiple buys,wallets,or allocations grouped together to mask transactions or inflate prices and even create an illusion of demands.
While there are advantages of bundling,it is important to note that a ridiculous percentage of bundles will put you in losses. Always wait for bundles to be fully out or minimized before apes,there would always be dips.
• Hype: Memecoins feed based off hypes,if everyone is talking about it ,you are most likely late to the party.
• Dips/dumps: In a market with buyers and whales, there exist sellers,paperhands,jeets,swing traders ,exit liquidities and market manipulators who would make rooms for entries.
• Top holders: You don't want to imagine yourself at the mercy who holds a substantial amount of supply.
• Take profits: No one can tell the top of a memecoin. If everyone thinks 1m is top on a meme play,then you won't see memes heading 2m,5m,10m or even 100m. Always take profits on the way up.
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$45M AIRDROP FROM 4MEME & $BNB
Do not be the last to take advantage of this Liquidity inflow into the ecosystem.
160k wallets have been eligible for the drop.