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A significant pullback on the daily chart is often a good entry opportunity. However, regarding leverage multiples, I personally recommend keeping it below 20x for safety—high leverage not only incurs higher transaction costs but also makes meme coins inherently volatile, and a slight misjudgment can easily trigger a liquidation.
Uncertain about the entry timing? Instead of impulsive trading, it’s better to choose to add positions gradually to average down the cost. The core of trading meme coins and similar assets is hype and sentiment. If you’re unsure about the timing, frequently trading in and out will only increase the risk of losses. Instead of repeatedly making mistakes, it’s better to set stop-losses, lock in positions, and closely monitor market news and trends, waiting for more clear opportunities.