Cyril - DeFi
Cyril - DeFi

@cyrilXBT

16 تغريدة 5 قراءة May 25, 2024
20-year-olds are making $100,000 with this strategy
It is challenging to get the right project to make you a #100x just by scrolling.
This is why I have put together the BEST strategy for #memecoin trading
A full guide 👇🧵
This thread is in collaboration with @neil_xbt
Be sure to follow him for all the latest alpha on memes, RWA, AI, and more.
➡️ First, you need a sniper bot.
Sniper bots make getting in early on #100x opportunities easier, which is very important.
Use SolTradingBot: t.me, a personal favorite of mine.
Let me show you how to use it👇
➡️ Next, Set up the bot
Adjust the settings to align with your trading strategy.
Here is how my settings look:
- 20% buy/sell slippage
- 20% Slippage Sniper
- 0.002 $SOL Tip SOL Buy/Sell
- 0.006 Tip SOL Sniper
➡️ Create a new wallet
It is better to do this than connect your main wallet.
Once you have some SOL, you must convert to WSOL.
Now, click 'Token Sniper' and paste the CA of the coin you want to snipe.
Set the Mode & SOL amount and you're ready to start sniping!
Remember not to hesitate when taking profits; you will also be able to manage all that within the bot.
Memes are too volatile to stick around too long; once you get enough profit, move on to the next.
➡️ Know how to pick the right gems
Here's how:
- Go to dexscreener.com
- Select 'New Pairs'
- Filter chain by clicking on 'Solana'
- Use these filters when searching:
- $50k+ liquidity
- $200k+ MCap
Next, head to the projects' X account and monitor activity and impressions.
Also, search for the coin on TG and X to assess engagement. A top KOL shilling the project is a good sign as well.
You do not want artificially pumped tokens so focusing on the community would help differentiate the real tokens from the rugs.
Photon lets you view upcoming launches with a timer on their liquidity pool.
It also assists you with risk assessment under the 'Audit Results' tab:
Some pointers to look out for:
- LP not burned = potential rug pull
- Percentage held by the top 10 holders should not be too high
- Safer if mint authority is disabled
High amount of SOL in LP: Be cautious of developers who launch a coin with around 100–150 $SOL and then withdraw liquidity seconds after launch.
If a coin is legitimate, position yourself to buy.
And that's it!
If you enjoyed this thread
1. Follow me @cyrilXBT and turn on notifications so you don't miss out! 🔔
2. Like/Retweeting the first tweet below would mean a lot to me 👇 ❤️

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