A very important tip you need to consider when starting a position is to see at least two hours traders, if there are a considerable percentage for Large and Medium traders it is good for opening a long position, otherwise if a big percentage allocated for Small scale traders it is good for opening a short-term position either long/short position based on the market trend. See as example I followed their movement many weeks.
$USUAL and $TROY are two examples for having Small scale traders the most portion and $DOGE and $PEPE are the two have most Large and Medium scale traders.
USUAL and TROY experienced skyrocketing trends and finally dropped in a few hours back even lower than their prices before surge and leaded the highest liquidation records. But DOGE and PEPE experienced many surges but they didn't have many pullback down after and mostly kept their surge positions.