Right now, one of the most popular narratives is memecoins, and it's hard to argue with that.
Every day, degens are trading and making huge money by buying coins in their early stages.
That's why it's crucial to know how to find the right coins and avoid rug pulls.
For this, all you need is @dexscreenerâeveryone knows about it.
But not everyone understands how to use it properly, especially for finding coins.
Below, youâll see the most important rules for finding gems.
1/ First, choose the network you'll be working in.
Head to https://dexscreener.com and select a network.
In the current cycle, I mostly prefer $SOL because it has the highest volumes.
But, of course, you can and should trade on other networks too.
2/ Next, go to New Pairs.
Your two main workspaces are: Gainers & Losers.
This tab helps us do a general analysis and understand the current local narrative (cats, dogs, Bitcoin, etc.).
Analyze everything related to the coin: website, Twitter, community, mentions from influencers.
3/ The next step is to start searching.
For this, weâll need filters to weed out unnecessary junk.
âą Mcap: $100-200k
âą Liquidity: $15-20k
âą Max pair age: 48 hours
These basic filters will help you search and sort through coins effectively.
4/ Once you find a few promising memecoins, add them to your Watchlist.
Why? Itâll be much easier to analyze them when theyâre all in one place instead of scattered around.
Plus, after analyzing them, youâll likely remove some, leaving only the most worthwhile ones.
5/ To keep track of all the charts, use Multicharts.
Here, you can view up to 16 charts at once.
You probably wonât need that many, but you should already have 4-5 coins to watch.
So, monitoring in this format is a real pleasure.
6/ Set up price alerts.
Youâre watching the charts, but sometimes itâs hard to know exactly when to buy.
Set alerts at key levels for your coins.
This way, you won't miss the right moment to make a trade.
Always remember the risks and manage your emotions.
You need to stay calm and accept whatever happensâthis is the market.
Whether you lose or win, it doesnât matter. Learn from others' mistakes.
This thread will at least help you find good coins; the rest is up to you.
I hope my article was helpful, if so, please :
Follow me for more alpha content
Like & Repost to motivate me continue