Dami-Defi
Dami-Defi

@DamiDefi

14 تغريدة 4 قراءة Jun 12, 2024
Newbies who knew nothing about #memecoins 2 months ago are bagging 1000x trades today
Expensive sniper bots? No. Insider info? No
They simply mastered the 4 rules every successful memecoin trader must follow
Learn these, and catching the next $WIF or $BRETT will be easy🧵
#Memecoins dominate every bull run.
In 2021, $SHIB did 10,000,000%+ and $DOGE 100x+
$1000 in SHIB alone would've created generational wealth.
This is why everyone loves memecoins: a huge ROI in a short time.
Bookmark this guide so you become our next success story.
The only problem is that 1% make all the money, while 99% lose everything.
The difference lies in knowing how to play the game.
Learn what winners are doing, and you will become one of them.
Here are 4 things the 1% that's taking all your money is doing differently.
Knowing How Much to Risk
Never invest what you can't afford to lose.
Memecoins, especially low-caps, are largely a gamble.
So keep your life savings away from them.
And when it's time to go in, ape with no more than 5% of your meme portfolio per trade.
Knowing What to Buy
How do you do this? Always keep up with the trending narratives and find some legit callers.
A good caller will help you stay updated on the latest trends.
Here's how to narrow down the best⤵️
• Find a meme coin that recently pumped hard
• Search it on Twitter & Telegram
• Look for accounts that called it early
• Check their other successful calls
• See their new calls
• If they are good, follow them
To make it even easier, here are 3 I'd recommend:
@notEezzy
@Eunicedwong
@sibeleth
Knowing When to Take Profits
Memecoins can go to $0 at any time, so be greedy when locking in your gains.
The easiest strategy is to DCA out as the coin pumps and then leave a moon bag.
• At 2x - sell 20%
• At 3x - sell 20%
• At 4x - sell 20%
• At 5x - moon bag.
Understanding Technical Analysis
For a more efficient profit-taking strategy, understand TA
Many people overlook TA when it comes to memecoins but that's a mistake.
Draw your charts and you will be blown away to see that devs and whales watch key price levels closely.
Pay attention to support on the 5-minute and 1-minute charts, especially if it's a new meme.
Draw support & resistance lines on these timeframes and monitor when the price breaks below these levels.
Take profit more aggressively if it breaks key supports.
After a break below support, price will usually retest the support-turned-resistance level.
Pay attention to all these price movements and you won't miss out on any gains or get rekt.
Use our full memecoin tool guide to get war ready
Everything in this thread is my personal view and is not financial advice.
For more alpha threads, my trades, calls & whale wallet tracking:
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I hope you've found this thread helpful.
Follow me @DamiDefi for more.
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