One $SOL degen made $2M from initial $1k in his pocket!
I asked him how he got so successful.
The answer was simple: “Mastering of free on-chain tools”.
• Tips for using @dexscreener effectively
• Techniques to become skilled at using the tool.
• Key info for making smart trading choices
• Go to dexscreener.com
• Click on "Filters" tab
• Select "All Platforms" option
You'll notice a list of all the supported blockchains. However, here's the important point, that you don't have to keep an eye on each
I suggest concentrating on the Solana blockchain because it has significant trading volume.
1/ Tracking
• Head over to dexscreener.com/new-pairs
• Choose "Filters"
• Select "All Platforms" option
• Choose Solana (or any other blockchain)
2/ Analysis
Once you've chosen a coin, it's time to begin analyzing it with the next set of metrics:
• Check social media presence
• Make sure the liquidity is locked
• Check if the volume and liquidity reach at least $20K
3/ Filter for trades
You don't have to monitor every transaction to predict the next one
Instead, focus on transactions worth between $100 and $5,000, adjusting based on how valuable the token is.
This method helps you see when big investors buy or sell this memecoin
4/ Multicharts
• Visit dexscreener.com/multicharts
• Choose the coins you're tracking on
• Customize the page layout to suit your preferences: adjust column widths, timeframes, and spacing
5/ Trading bots
If you notice a whale making many transactions without significant gains or losses, it's likely a bot
These bots work to maintain the coin's trading activity
Once you identify traders who've made substantial profits from a coin, delve into their trading patterns.
Analyze when they buy and sell, how they take profits, and what they're currently doing
But don't just stop there; also examine other tokens they've recently invested in and their overall success rate.
If they consistently choose successful investments, add their wallet to your "smart money" list.
