How to Trade Memecoin?

[Suba]

Although memecoin is known to have a very high risk but also promises high progit, so many traders out there adopt memecoin as a trading pair. In addition, memecoin also has weak fundamentals, high volatility, often manipulated by whales. However, to trade memecoin, traders have prepared themselves as well as possible so they don't just play guessing. Some trader preparations such as:
- Study technical analysis, such as indicators, charts and patterns, until proficient,
- Manage risk wisely, set stop loss, and take profit.
- Control emotions and don't be greedy and stay disciplined with the plan.
- Get the latest market news information.
- Use the advanced features provided by the exchange where you trade.

 

[Fidelia]

I can't trade meme coin. I only buy some memes that I believe would pump and hold for a short time. Meme coins are at another level of volatility.