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How to play short-term MEME?
The short-term logic of BSC MEME is clearer than the path on Solana.
First, let me clarify that playing during the early session is not suitable for short-term trading; it's better to hold.
Short-term explosive rises share common points:
1. Good angles with the ability to continuously spread hotness
2. Good sideways movement, with a sideways trend on the 4-hour chart
3. Positive expectations, possibly targeting alpha, contracts, or spot
Every sideways consolidation is accompanied by a positive catalyst leading to a surge.
However, in the early stages of an upward trend, without sufficient shakeout, a sudden positive catalyst can significantly reduce the strength and duration of the surge, as seen with giggle and Hachimimi.