$WIF

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WIF memecoins seem to be on the rise again with the hype coming back.

However, with PEPE's very fast candle to 0.0013 yesterday, the local top for memecoins seems to have been set.

I don't think memecoins such as WIF, PEPE, NOT have finished their rise in this cycle, but it seems that they need to wait for a while.

Such sharp rises are usually not healthy for such memecoins.

The momentum of these rises has also stabilized a bit with the BTC drop tonight.

It seems that it will be a little difficult to recapture this momentum.

For this momentum to be recaptured, ETH and BTC may need to make a hard bull run again.

I've been keeping a close eye on WIF and other memecoins, and right now I'm hopping off the resistance points when they are bullish.

I am careful to carry these short positions for a very short period of time because there is a strong upward momentum in the market.

I don't want to get crushed under this momentum.

Also, I always give myself room to add to my short positions.

What are your thoughts on memecoins?

Which memecoins would you like me to review?

I am waiting for your comments below.