But the main mistake lies in the analysis of memecoins.
Analyze them properly and boost your earnings 10x🧵👇
All traders want to find the hidden gems and earn 100x or more.
To achieve this, you can't sit quietly, you always need to be on the alert, analyze, follow smart traders and their wallets.
The best time for trading is coming - bull market, and you shouldn't miss the opportunity!
Besides analysis and other, psychological and emotional factor is important in trading.
You have to feel the market and not always do everything according to strategies.
Find trades and don't sell immediately, give them time.
There is a perfect example of a trader who bought a coin not at the lowest mcap and made $800K+ on it.
Anyway you will need to spend a lot of time and follow the market.
To find the hidden gems I discovered a great tool and analyzed it.
Here I will share my strategy that can lead to success.
1/ First of all you need to choose a platform on which you will analyze and trade.
I highly recommend @gmgnai - It is based on AI and allows you to track everything in real time.
To find smart traders you need to go to the https://gmgn.ai/?ref=alphabatcher and click on the Discover tab.
2/ Next, you need to find and analyze potential smart traders.
If you thought that everything is simple and you are already at the stage of clicking on the major tokens - it's a mistake.
In our case, you need the tokens that are not the most popular, because that's where traders who buy at an early stage, suspecting that it's where the hidden gems lie.
Pay attention and analyze tokens with a market value lower than 5M.
3/ Well, after you have found the wallets I recommend adding them to the TG bots so that you get notifications of all activity.
The next step is to find tokens with 100x potential.
For this, click on the Meme tab and set filters.
At this stage, it is important for you to filter out the unnecessary ones.
4/ What should you pay attention to when choosing a token?
One of the most important is the trading volume
Top Holders, their percentage shouldn't be more than 15-20% of the total volume
Bubble Map and check the connection between the wallets
Check again the wallets you tracked at the beginning, they may already be buying the token you have chosen.
5/ It is very important to remember that there is also such a thing as a rug pull.
Unfortunately, even expert traders fall into this trap.
To avoid this, check when the holders bought the token.
6/ One of the rules I follow is to try to return my initial investment at 2x to secure the trade.
So you will be left with free tokens that you can do whatever you want with.
Take trading as seriously as possible.
I hope my article was helpful, if so, please :
Follow me for more alpha content
Like & Repost to motivate me continue