In the fast-paced realm of meme coins, where hype can skyrocket prices overnight, navigating the market requires more than just staring at charts. Crypto trader Michael Paik, better known as @paik_michael on X, dropped some real talk in a recent tweet that's resonating with many in the community.

He wrote: "onchain low cap charts are psyops to shake you out. you're doing TA on something that can move 500% off someone breathing on it. you'll never make it scalping these without insane amounts of copytraders or schizo. hold the line or trade something with better liquidity + more size."

Let's unpack this. "Psyops" here refers to psychological operations – basically, mind games designed to manipulate traders into making poor decisions, like selling too early. Low cap meme coins are those with small market capitalizations, often on blockchain platforms like Solana or Base, where liquidity is thin and volatility is extreme. TA stands for technical analysis, the practice of using charts and patterns to predict price movements. But as Paik points out, in this space, a single influencer's tweet or a whale's whim can cause massive swings, rendering traditional TA pretty useless.

Instead of trying to scalp – that's short-term trading to capture small price changes – Paik advises holding strong or shifting to assets with higher liquidity and larger market sizes. This approach reduces the risk of getting "shaken out" by fakeouts or manipulated dips.

The tweet sparked a lively discussion, with replies from fellow traders sharing their takes. One notable response came from @traderpow, who emphasized that conviction trades test patience and skill, but the market might be shifting towards a "hodlers" paradise – where holding long-term pays off. He asked Paik for his current picks, to which Paik simply replied: "tokabu and dollo."

So, what are these? Let's dive in.

First up, Tokabu. Billed as "The Spirit of Gambling," Tokabu ($TOKABU) is a meme token that captures the thrill of crypto betting and chance. It's gained rapid popularity by blending fun memes with the adrenaline of trading. As of recent data, its price hovers around $0.00000000000390 USD, with a 24-hour trading volume exceeding $684,000, showing growing interest. But wait, other sources peg it higher at about $0.047, indicating potential discrepancies or rapid changes – classic meme coin behavior! The token's community is buzzing, with posts like this one hyping it up:

If you're into high-risk, high-reward plays, Tokabu embodies the gambling spirit Paik might be channeling for his conviction hold.

Then there's Dollo. This appears to be another emerging meme coin, often discussed in communities for its strong fundamentals in the microcap space. From social channels like its X account @dollocoin, it's positioned as more than just a joke – highlighting crypto's community spirit and potential for portfolio boosts. Descriptions paint it as a well-positioned token with good liquidity for its size, making it a candidate for early-entry opportunities. While exact pricing fluctuates, it's marketed as a hidden gem for believers in long-term ecosystem growth.

Paik's endorsement of these two underscores his advice: find projects you believe in and hold the line, rather than chasing every low cap pump and dump.

This perspective is crucial for blockchain practitioners dipping into meme tokens. The sector is notorious for its rotations – where capital flows quickly from one hot narrative to the next – but as markets mature, strategies like conviction holding could yield better results. If you're new to this, start by researching on platforms like CoinMarketCap or CoinGecko, and always DYOR (do your own research) before aping in.

What do you think? Are low cap charts really psyops, or is there value in TA even in volatile markets? Check out the full thread here and join the conversation.

For more insights on meme tokens, trading tips, and the latest blockchain news, stick around at Meme Insider – your go-to knowledge base for all things crypto memes.