One
$SOL degen made $2M from initial $1k in his pocket!
I asked him how he got so successful.
The answer was simple: âMastering of free on-chain toolsâ.
âą Tips for using @dexscreener effectively
âą Techniques to become skilled at using the tool.
âą Key info for making smart trading choices
âą Go to dexscreener.com
âą Click on "Filters" tab
âą Select "All Platforms" option
You'll notice a list of all the supported blockchains. However, here's the important point, that you don't have to keep an eye on each
I suggest concentrating on the Solana blockchain because it has significant trading volume.
1/ Tracking
âą Head over to dexscreener.com/new-pairs
âą Choose "Filters"
âą Select "All Platforms" option
âą Choose Solana (or any other blockchain)
2/ Analysis
Once you've chosen a coin, it's time to begin analyzing it with the next set of metrics:
âą Check social media presence
âą Make sure the liquidity is locked
âą Check if the volume and liquidity reach at least $20K
3/ Filter for trades
You don't have to monitor every transaction to predict the next one
Instead, focus on transactions worth between $100 and $5,000, adjusting based on how valuable the token is.
This method helps you see when big investors buy or sell this memecoin
4/ Multicharts
âą Visit dexscreener.com/multicharts
âą Choose the coins you're tracking on
âą Customize the page layout to suit your preferences: adjust column widths, timeframes, and spacing
5/ Trading bots
If you notice a whale making many transactions without significant gains or losses, it's likely a bot
These bots work to maintain the coin's trading activity
Once you identify traders who've made substantial profits from a coin, delve into their trading patterns.
Analyze when they buy and sell, how they take profits, and what they're currently doing
But don't just stop there; also examine other tokens they've recently invested in and their overall success rate.
If they consistently choose successful investments, add their wallet to your "smart money" list.
#TradeNTell Write2Earn