Trader Shares 3-Point Strategy To Win With Meme Coins—Here’s Where Dogecoin, Shiba Inu Come In

Posted On October 23, 2024

Pseudonymous crypto trader Hoeem outlined a three-wave trading strategy to navigate the volatile meme coin markets.

What Happened: Hoeem took to X to outline his approach that categorizes trading into three distinct waves.

Wave One: characterized by high risk and reward, a low win rate, and a significant number of rug pulls. Traders in this wave must possess advanced skills to identify smart contract vulnerabilities, wallet distributions and supply holders, as there are thousands of new coins launched daily.
Wave Two: offers a balanced risk-reward ratio, an acceptable win rate, and fewer rug pulls. Success in this stage relies on a strong grasp of social metrics and holder behavior to assess …