Unlocking Profits Amidst Market Downturns: A Tactical Approach with Meme Coins
Amidst a predominantly red market, I've decided to share one of my personal strategies with you. How still generate profit under these conditions.
While it's essential to note that this approach carries inherent risks, I've managed to navigate through these waters until now successfully.
But always #DYOR🟢.
My strategy revolves around Pinksale, a launchpad platform known for hosting a wide array of new tokens, predominantly MemeCoins, across various networks such as BNB, Solana, and Ethereum. Here’s how I approach it:
1: Accessing Pinksale’s Launchpads
First, I navigate to the Pinksale website > Launchpads List.
2: Filtering Projects
Within the Launchpad list, I apply filters for projects 'in progress' and adjust the sorting by 'end time'. This strategy helps me identify tokens close to their launch.
3: Evaluating the Projects
I pay close attention to projects with at least a 30BNB soft cap and those that have amassed over 150BNB. These indicate a certain level of investor interest and financial backing, making them prime candidates for consideration. (Its easy to find good amount of projects with high investments there.)
4: Joining Official Communities
An essential part of my due diligence involves joining the official Telegram communities linked to the Pinksale page. Here's a crucial tip: always ignore private messages. Scammers frequently use this tactic to deceive investors. Real updates and discussions happen within the public group settings.
5: Investing:
If a project meets all the criteria and seems promising, I consider investing. However, I stress the importance of investing only what you can afford to lose. The volatile nature of MemeCoins means there's no surefire bet.
6: Post-Launch Strategy
Once a project launches and if it yields profit, I typically withdraw my initial investment to invest in other projects, retaining any profit. Normally, I do between 50% and 100% profit and am still trying to find that 100x gem.
