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.
Cryptocurrency is most popular because of its volatility, if there was no volatility then no one would have entered cryptocurrency. Because the more volatility there is in the market, the more investors or traders can profit, market volatility gives traders the opportunity to make more profits. You should remember that everyone wants to take advantage and when they get a good opportunity, traders or investors in cryptocurrency start using their money to get the best out of it.
Maybe the one who has more experience and has more risk-taking ability is the only one who gets the best chance to profit in the market. Remember, only the one who takes the risk can take the opportunity.