Up Only Fund

one observation that really saved me a lot of money... when a meme makes the first strong leg up, dumps, then tries to go back up again but fails below the previous high, that’s usually a weak signal for me. i usually look at the 4H timeframe. it means buyers tried again but didn’t have enough strength to reclaim the old top. doesn’t mean the meme is dead. news or one big buyer can change everything, but without a catalyst, that second weaker leg usually tells you momentum is fading and the chart probably needs to go lower or chill before the next real move. every time i see this, i derisk and keep cash to buy lower, because most probably the 3rd try will be lower than the second one, and it keeps going like that until it finds a bottom and a new structure starts to form.