Hoeem took to Twitter to outline his approach that categorizes trading into three distinct waves.
A pseudonymous crypto trader has outlined a three-wave trading strategy to navigate the volatile meme coin markets.
Hoeem took to X to outline his approach that categorizes trading into three distinct waves.
As per the trader, being early matters but wave three still offers an excellent opportunity. His insights highlight that despite the meme coin market’s volatility, it presents unique opportunities for informed traders.
In this framework, meme coin leaders Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) fall within wave three, unlikely to do a 100x from current prices. Hoeem cited Pepe (CRYPTO: PEPE) and Dogwifhat (CRYPTO: WIF), which sparked many derivatives that could not emulate the leaders’ successes.
Goatseus Maximus (CRYPTO: GOAT) and SPX6900 (CRYPTO: SPX) are the latest entrants in wave one, while Popcat (CRYPTO: POPCAT) and Mog Coin (CRYPTO: MOG) could be classified as wave two meme coins.
The influence of meme coins will be thoroughly explored at Benzinga’s upcoming Future of Digital Assets event on Nov. 19.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.