It took me 6 years to turn $0 into $5 million in crypto📈
A 1.5 year ago, my portfolio was just $8k. I spent 5 years struggling before I understood how to trade memecoins. Here's a mega-🧵 on my strategy that changed everything: ⬇️⬇️⬇️ 1/➮ Just in the past couple of months, I made over $1M from memecoins ✧ I used sniping, and default trading BUT ✧ Most of the profit came from a copy-trading strategy Today, I want to share my all strategies on how to trade memecoins: ⬇️ 2/➮ The strategy is based on 3 main things: - Memecoin Market Psychology - Sniping - Copytrading insider's wallet Knowing these 3 key things will bring you dozens of 100x profit deals this cycle Let's dive in 👇 ⬇️ 3/➮ Memecoin Market Psychology ✧ Everyone wants 100x, but no one is willing to wait a long time for it ✧ At the same time, holding memes for too long can also become a problem ✧ This is the challenge of Memecoin Market Psychology
What should we do about it? ⬇️ 4/➮ Trends/Narratives ✧ Always hold with the narrative in mind. If it's just starting, the potential is large ✧ However, if the narrative is already at its peak, it’s better to sell everything related to it ✧ But it's not that simple, and u also need to do the following👇
5/➮ Delve Deeper into the Project ✧ Always immerse yourself fully and dive deep into the project to understand its upside ✧ If the project is nothing more than a trend/cabal, it could drop to $0 ✧ Join the community, observe, and analyze the project's upside potential ⬇️ 6/➮ Now we can move on to Sniping Memecoins ✧ For sniping ultra early, it's better to use Pumpfun nowadays ✧ If desired, you can create or order software for this purpose But I will show you a strategy for sniping coins manually👇 ⬇️ I personally use BonkBot $BONK project I discovered it not too long ago, and it processes transactions faster than other bots. Plus, it has a built-in copy-trading feature, so I’ll be using it as an example. ⬇️ 7/➮ We have two options: either track insider wallets or buy new launches on ✧ The second option is quite simple—stay on Pumpfun looking for new narratives, ✧ Or search for tokens with interesting ideas within already existing narratives ⬇️ 8/➮ It’s also important to always look at the dev, and track their past launches. ✧ Were they successful, and were there any rugs? ✧ This will provide at least minimal protection from a rug, but there’s still a big chance of it
9/➮ Insider Wallet Tracking ✧ Go to Dexscreener and find any token that has pumped significantly recently. ✧ Look for wallets that are bought either very early or in large amounts. ✧ Track these wallets & make a list with the batter wallets ⬇️⬇️⬇️ 10/➮ Now, let’s move on to the most interesting part: Copytrading Strategy ✧ First, you need to find a wallet to cop/starty trade ✧ Do this the same way you would find an insider wallet ✧ Identify 5-10 such wallets, and then move on to the next step ⬇️ 10/➮ Settings Up all wallets ✧ First, add all 10 wallets to the copy-trading bot ✧ To do this, click on "Copy Trading," then assign a tag (name) to the wallet and input the target (the wallet address) ✧ Repeat this process for all 10 wallets
11/➮ Remember that one good trade here can cover 10-15 bad ones, ✧ but only with the right risk management strategy ✧ So, make sure to thoroughly plan your strategy before everything else! ⬇️ Liked this article? I write educational threads daily, so don't forget to: ✧ Follow me and turn on notifs
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