Pseudonymous Crypto Trader Hoeem Outlines A Three-Wave Trading Strategy To Navigate The Volatile Meme Coin Markets
- Barbara StreisandOriginal
- 2024-10-24 03:24:08917browse
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.
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