This is a fairly viable strategy to use, but you must understand that prices can make lower lows or prices lower than before. If your goal is long-term, that's fine, you just need to do DCA.

Memecoins are indeed very risky because they rely solely on hype to drive up prices. People who enter the market have only one goal, to maximize their profits. So, if you sell too late, you'll end up holding a token with no utility, and the price is unlikely to return to the point where you bought it.

If your primary goal is comfort and peace of mind, this is a better option. Waiting is only done by those with extraordinary patience, making it worthwhile to wait for the right moment.