Focus on spotting meme coins with fresh, funny concepts or those capitalizing on current trends. Perform a Rugcheck, examine freeze/mint authority, and use DexScreener to verify liquidity. Scan wallets to ensure no hidden supply by devs or snipers. Engage with the community on Telegram and Twitter to gauge interest and roadmap viability. Risk tolerance is key, exit when euphoria peaks or holds for long-term growth, but only risk what you can afford to lose, as most meme tokens are risky.