Memecoins are blowin' up right now, and everyone's tryin' to grab their slice of the profit pie.
But it ain't just about luck—success comes to those who've got the right game plan and can read the market.
Still, not everyone's killin' it, even if they think they've got all the ins and outs figured out.
I'll give you two examples:
The first one is @solscanofficial. Using it you can analyze all the data about the chain.
For finding those hidden gems you will be helped by @gmgnai. Besides, you can earn in one more way on this website - find smart traders.
Well, please sit back, now I will tell you my strategy.
1/ Filter the tokens
For this, go to the @dexscreener website.
You need to choose a chain, I recommend using Solana as it is currently the leading one and should be trusted.
Look at the tokens for the last 6/24H.
You need to analyze and understand current dynamics.
2/ The next step you need to set filters to weed out unnecessary tokens.
The filters that I use are as follows:
• Liquidity: $15,000
• Min FDV: $100,000
• Pair age: 1-72 hours
• 1H txns: 100 transactions
Look at the tokens and choose the ones that you think are more successful.
Then, you need to conduct a more in-depth analysis.
3/ After you have selected the token, go to the @solscanofficial website.
Paste the copied CA of the token and explore the token's data, holders, and analytics.
Next is to check the security of the token, @Rugcheckxyz will help you.
A status of “Good” will mean that you should continue analyzing.
4/ Head to gmgn.ai/?ref=Blumalpha website to check more.
Paste the CA of the token and check the Bubble Map, the wallets should not be linked together.
And also make sure again what percentage belongs to the holders, it shouldn't be so that a large percentage is concentrated in one hands.
5/ Entry Point
Find a dip that fits your trading strategy.
You have two ways:
• Take 2x profits immediately
• Take out your initial investment and leave the rest as a "moon bag"
There is also a third way, but it applies to more mature tokens:
• Order Blocks: Usually, you find the OB, set a limit order, and wait for it to get filled.
After that, it’s a long-term trade that you just occasionally check on.
Here is my working trading strategy.
Now it's up to you.
Practice more and always remember that there are risks.
I hope my article was helpful, if so, please :
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