Technical analysis is nonsense for stocks because they are valued for the most part on fundamentals by sophisticated participants and institutions. 

It actually does hold some merit for memecoins because they are fully psychological/social assets, for the most part its only retail trading them, and thus the charts can actually tell a meaningful story

Interesting point. 

I’ve always thought that even if it is true, algos should be able to trade it a lot better than human eye?

building /bracket | talking /greatbooks | ex-BCG, ex-PHD | poli + phil + econ

Makes me wonder how snipers are programmed to get out

they probably do for highly liquid memecoins like bitcoin, but nobody that sophisticated is using it on our shitters, too volatile/illiquid