Put on short and wait strategy?

We all know all coins and tokens are pump and dump to some degree. Even Bitcoin has shown the classic pattern of a pump and dump. This is especially true though for the alt or meme coins of which there are hundreds of them on the exchanges. Every day several of them pump up and eventually dump right back. Maybe this process takes a few hours or a few days but I've watched them for years now and it's always the same pattern.

In that case why not just set a short some time during the pump and wait till it dumps back down. You would obviously need to use a position size that allowed plenty of cushion left in your account so as to created a very high untouchable liquidation price. If that means using 0.1% of your account size and lower leverage etc.

And then wait, maybe you wait a few hours, a few days or even longer.

I am aware of funding fees however so the more volatile and longer you wait this could be a factor. Funding rates may even be in your favour at least initially.

So what do you think, is this a workable strategy or what?