once I’ve checked out everything whenever I see a new memecoin get listed in “hot pairs”, and it’s to my liking then I take one last good look at the chart…this is what I like to see (again this only applies to memecoins so far during my brief experience these last few weeks)…I’m not gonna use technical jargon cuz I don’t know any when it comes to charts (I need to start learning so I can talk about it more intelligently) but the coin was new-ish so you see it only had one run-up when I saw it early this morning…the first significant dip (red) is when I was contemplating buying…when it began its second run-up is when I actually bought in (if I had gotten in on the red then I would’ve doubled my money fairly quickly for this particular project)…now there is no way of knowing for a fact that it was going to recover and run-up but based on the factors that led to me looking at the coin, I was confident there’d be enough momentum to get a 2nd swing which would’ve allowed me to meet my goal…the chart doesn’t show this but it went as far as $0.000004 which was so close before dropping to about $0.0000025 which is when I said fukk it and sold cuz I didn’t wanna risk getting stuck in the coin…it dipped as low as $0.0000017 and then recovered a few hours later and hit the target I would’ve need to double my money…again here is how the chart looked this morning when I bought in…
below is what the chart evolved to…this is why it also would’ve been nice if I had gotten in just a little earlier on that dip…I wouldn’t have had to worry yet about taking an L when it dipped that second time and was in danger of sinking lower than when I bought in…if it was a project that I fundamentally believed in then I might’ve been a bit more patient…but with memecoins I have to be ready to bounce if I see something I don’t like…for me there’s nothing worse than being stuck in a dying memecoin…didn’t make much on this trade…at one point I was up an additional $800…but came out up $100…the hope here for me is that I can create a system where if I see a memecoin that objectively fits what I’m looking for “specs-wise” then I’ll be able to eat a little here and there…and there are enough memecoins that pop up every other day or so that I feel it’s worth the time…plus I sincerely enjoy it…there’s no other opportunity for me where I can get up at night to take a piss and end up almost making $1000 in 2-3 hours
will it always work? absolutely not but with what I’m trying out, I’m hoping that I can consistently rack up more wins than losses…losses are always going to be a part of the equation tho