Meme Coins Strategy

#Meme Coins Strategy # bitcoin # XRP

Transcript

00:00The crypto market offers a wide range of options with numerous cryptocurrencies available.

00:05You can trade or invest in any crypto, but thorough research is essential before making

00:10any trading or investment decisions. This is the most critical step.

00:16Everyone has their own preferences, some prefer trading altcoins, while others are drawn to meme

00:21coins. Some people like meme coins more, while others favor altcoins. Ultimately, the choice of

00:29which category or coin to trade is yours, but the goal should always be to make a profit.

00:34If you're incurring losses, that's not ideal, but if you're earning profits, there's no issue.

00:39Today, we're going to talk about meme coins. This is not financial advice, trading or investing

00:46should always be based on your own research. However, many meme coins have experienced

00:51significant drops in recent months, with substantial price declines. Lately, you may have noticed a

00:58recovery phase. For example, we discussed Fartcoin, which has seen a continuous pump,

01:04achieving nearly a 200% jump from the levels we talked about. It's now close to $1 and may even

01:11cross that mark. Similarly, coins like AI16Z and others have shown recoveries. I wouldn't say these

01:19are massive recoveries at the level of 100-200%, but coins like Popcat have seen gains of 10-20%,

01:26and many others have followed suit. Here's something to understand, many meme coins performed well in

01:322024. When a coin experiences a significant jump, say, over 1, 1.5, or 2 years, with consistent pumps

01:41and back-to-back highs, there often comes a point after 2 years where it enters a prolonged

01:46consolidation or correction phase. This applies to both meme coins and other cryptocurrencies.

01:52When the correction phase begins, it can last a long time. So, you need to keep one thing

01:59in mind, whether you're trading or investing in meme coins, having a strategy is crucial.

02:05Trading without a strategy is risky. To trade effectively, you need to

02:10Select the right coin. Determine the entry price and wait for it.

02:15Analyze charts. Stay updated on news related to the coin, what's happening, what's possible,

02:23and what the future holds. Research what major players, whales, are doing with the coin and what

02:29they might do in the near future. All of this is part of thorough research.

02:35If you're trading or investing in meme coins, one key point to remember is to focus on coins that

02:40haven't yet had their big run. For example, take Shiba. This is just an example, not a recommendation.

02:48Shiba hasn't pumped in 3 years. It saw a 350% rally last year, but nothing significant since.

02:57You can consider trading or investing in such meme coins after proper research.

03:02However, you also need to identify coins that are likely to drop further in the coming months.

03:07For instance, as of April, some coins have already declined, but which ones might fall

03:12further between now and July or August? Which coins are likely to see bigger drops in the second

03:18quarter? This, too, requires research. If you're trading, you can use long or short strategies based

03:26on your analysis. For investments, focus on coins that haven't yet had their big run.

03:31Analyze their charts to identify those with strong potential for significant gains in the next 8

03:37months. These coins are more likely to perform well. On the other hand, be cautious with coins

03:44that have already had their big run. They may show small recoveries, but they're also prone to

03:50significant drops. When their correction phase fully plays out, they can fall sharply. For example,

03:57PopCat hit highs of $2 but then crashed back down. You can only understand these movements by analyzing

04:04charts.

04:04See you in the next video with fresh analysis. Stay safe and trade smart.