Memecoins right now are like NFTs at their peak, but memecoins are just at the beginning of their rise.
Right now, pretty much everyone’s making big money trading them.
And it won’t be hard for you to do the same if you know the key aspects.
1/ Your goal is to analyze, find and buy before everyone else.
To get started, go to the https://gmgn.ai/?ref=Blumalpha&chain=sol website and click on the New pairs tab.
Take a look at the page to see what's going on here.
2/ There are 3 columns and a lot of new memecoins in front of you, but for your safety we'll only use the third one.
You will need to set up filters to filter out suspicious tokens.
For this, click on Filter and set up:
• NoMint
• Top 10
• Liquidity: $7k+
• Age: 20min+
3/ To save time, focus on the green ticker lines under the token.
Most of them should be green, but remember, that's no guarantee of a memecoin's success.
Things can change in literally one minute without you even noticing—the market's pretty harsh.
4/ Finding potential token, click on it and go to the list of traders.
For convenience, sort in decreasing order.
Your task is to find those who have unrealized profits.
To analyze in more detail, click on one of them and look at the chart.
It shouldn't be that every holder is only trying to sell their profits.
5/ Next, your job is to pick a few wallets that you like the most.
They should have a positive PNL and a decent win rate.
However, that alone doesn’t mean the trader is good—go through as many of their trades as you can to make sure.
6/ I recommend creating a list of wallets that you will keep track of.
To make it easy to do this in real time, go to Telegram and add your wallet to @RayBot_sol and turn on notifications.
As soon as you get an alert about new transaction, quickly check it out and do the same.
You have to be prepared for it to take quite a bit of time.
But be sure that it is definitely worth it!
Also don't forget about the risks, and that even expert and smart traders can make mistakes.
I hope my article was helpful, if so, please :
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