Memecoin is flying, so has the wave ended yet?
If we calculate the bullrun time on a scale of 10, then from 0 to 10 we are closer to 0 than to 10. Specifically, I estimate that we are in the bull market 30% of the time.
At the beginning of the bull market, the most important thing is to have cash flow into the market.
As I explained in the previous article, $BTC and $ETH are cash flows from ETF funds and Whale. As for the powerful Fomo newcomers to enter the market, they need people who blindly buy and get rich like memecoin.
So right now, if you see $BTC and memecoin running in the same direction but Altcoin is standing still, don't panic. After pumping memecoin to create attention for tradition, it will push news about Altcoin, blockchain technology changing the world, real usecase, real utility and all.
And the so-called "run out"/market correction in the uptrend. You should remember that because the margin is too much, the coin keeps increasing by 1 line so it falls by 20% or 30%, which is considered a long sweep. Collapse is due to leverage.
Unlike the downtrend, the collapse is due to spot money leaving the market. Should the uptrend collapse and recover very quickly, you should prepare a limit order on the low entry floor to catch it