Follow community sentiment

Community activity Often a thermometer of a project's health. If you find that fewer people are speaking in the Telegram group, or that the project’s official Twitter posts and interactions are less active, then this may be a signal to you: it’s time to leave.

Set your own trading rules

Many times when faced with meme coins, traders are easily fooled, or are swayed by the FOMO atmosphere. . At this time, following certain trading rules will prevent us from making irrational decisions to a large extent. For example, when making a profit, you can consider pocketing part of the floating profit first; or, set a stop loss line and do not conduct transactions beyond your ability to bear. Always make sure you understand your greatest risks.

Keep a good attitude

This is perhaps the most important point in this section.

The changes in the meme currency market are very unpredictable. You may feel that some coins have become popular for no reason, while others have fallen inexplicably. Keep a good attitude, after all, the most attractive part of meme coins is its entertainment properties.