Educational Post
#Technical Meme coin Trading
Steps:
1. Create a new wallet for the meme trading
2. Pick a token to buy
๐ฃ If you see that the dev holds more than 5% of the token supply โ skip it.
๐ฃ If you see a high percentage of insiders โ skip it.
๐ฃ If the token jumped to a $50k market cap within 10 seconds of being created โ skip it.
๐ฃ Find whether token is mintable,freezable or any other issues
๐ฃ Just track some good wallets! Not insiders.
๐ฃ Track the dev wallets via the bubble maps.
๐ฃ Donโt follow twitter influencers! They are just paid promoters.
๐ฃ I advise you to start watching the token's Telegram channels - they should be active, and the community should be interested in the growth of the project. If the group is quiet, then most likely the trading volume is false and they want to deceive us.
๐ฃYou can notice that purchases are made for the same amount. And also, the scammers are using the same wallet, which is quite easy to spot. If you notice that the volume goes up, but the price doesn't - it's a scam.
Your goal is to filter out tokens that are 80% likely to never cross the $6-8k market cap mark.
Filter A (This is just an example. Create an your own filter ๐)
โ Holders: 15-20
โ Liquidity: $4,000
โ Volume: $2,500
โ Market Cap: $5,500
These will help you filter out most of the tokens.
Eg : For the solana meme coins
Copy "CA" of Meme Coin, then go to Dex screener, put your "CA" or type the Ticker. Check the chart, Price, Market Cap, Liquidity and so on. I recommended doing it for a greater understanding of the project, and look at the liquidity, it is very important when you will take your profit. Now you've checked everything, copy "CA" again, then we move on to Jupiter Exchange. Choose Sol, then put your "CA" in search, then enter the amount you need and press Swap. Congrats, you are a happy holder of your Meme Coin๐
Links :
https://dexscreener.com/
https://pump.fun/advanced
https://www.dextools.io/app/en/
https://gmgn.ai/?chain=sol
#NFA #DYOR