Having a technical skill is vital in trading ngl . But one of the thing that matter the most is one mindset , having the right mindset means having the right approach to trading, given one edge in trading because most traders usually come into trading with the mindset of wanting to speed up things or taken it for get rich schemes and stuff while knowing that trading one does not need to invest only their money but their time also , because one have to take his time to understand how trading works before going into it fully .
Do you know that technical skill is not that important when it comes to memecoins trading. This is because the memecoin market can be manipulated easily looking at how small is their market capitalization. When a project has small market capitalization, it will be very easy to manipulate the price and this is why we have been seeing projects especially in the memecoin market pumping and dumping the same day or after few days. If you are trying to use technical analysis in this kind of market, you are going to lose money even when you analysis is correct, the market can always be manipulated at any time.