1. Use Spot Trading First: Avoid futures/leverage with meme coins unless you are a very experienced trader. The volatility can liquidate you quickly.
2. Volume is King: Only trade coins with high 24-hour trading volume on Binance (visible on the markets page). Low volume = manipulated prices and difficulty exiting.
3. Set Clear Targets & Stops: ALWAYS have a take-profit (TP) and stop-loss (SL) plan before entering. Use Limit Orders and Stop-Limit Orders to automate this.
4. Watch $BTC Dominance ($BTC .D): Meme coins often perform best when Bitcoin is stable or rising, but when capital rotates out of Bitcoin into altcoins (i.e., when $BTC .D falls). This is a key macro indicator.
5. Secure Your Profits: Regularly take out your initial investment ("taking profits") once you have significant gains. Let the "house money" run, but secure your capital.
Final Warning: The meme coin market is fueled by narratives and hype. Be nimble, emotionally detached, and never invest based on FOMO (Fear Of Missing Out). Always do your own research (DYOR) beyond this guide.
