Whatever you might be trading, bitcoin or memecoins, when the market spikes take it as a sign to leave not to enter the market. That should be the time where you know you have an edge over other traders because you were able to take advantage of when the market spiked. You were exactly where you were supposed to be. That is before the spike not after it.
Remember, Early birds get the worms.
When you say spiked I believe you must be talking about when the market hits ath, this is something most people fail to do, even after they reach their target they still hold due to greed. Selling immediately the market is high can put you on the advantage side. But the only problem is some people don't invest to sell later on the near future, they are determined to hold for 10 to 20 years that is the reason they don't sell during this phase