Market Hit by Trump Memecoins Euphoria, What Should We Do?

In the last 48 hours, the market has experienced an extraordinary phenomenon where President-elect Donald Trump launched the $TRUMP memecoins, one day later his wife Melania joined in the market by creating her own memecoins. So, as a market participant, what should we do?

#1 Don't FOMO!
Any asset in the market, even if endorsed by the number one person in the world, will still experience a decline. This decline is a mechanism in the market where buyers who buy earlier will always sell. Don't let us FOMO and buy at the top, especially with leverage. Try to stay calm because almost every day there will be opportunities in the market.

#2 Identify Strong Support.
When we want to buy, it is better to identify strong support where the area is quite likely to bounce. We can look for demand areas or psychological numbers such as $50 and so on. Don't let us make purchases but at the peak price.

#3 Always Risk Less.
Any memecoin has a very high risk and unpredictable volatility. Like $TRUMP which dropped 56% overnight due to $MELANIA launch. Always risk a maximum of 1% of your total portfolio on one memecoin. Don't get overexposed.

#4 Take Advantage of Dips in Other Assets.
The Trump coin phenomenon is sucking up all the liquidity in the market, causing other coins to experience corrections. This correction can be used to scale in on good projects and narratives that have prospects because in the end everything will return to normal and the prices of other assets are likely to recover.