Watching FRED... long consolidation is a positive on a meme coin

All meme coins exist to get pumped and dumped. But when I see a meme coin holding price levels for weeks and showing signs of consolidation, I can consider it a potential long opportunity during this bull run.

FRED is not listed on any major exchanges yet and the chart pattern is promising.
That being said, meme coin market makers are great at printing misleading chart patterns and then dumping. Be extremely careful here if considering any position on meme coins.