#Memecoins can make you a millionaire from just $1,000
Yet only 1% succeed while 99% lose everything to the market
In this guide, I share my battle-tested strategy to spotting 100x-1000x memecoins early 🧵
Yet only 1% succeed while 99% lose everything to the market
In this guide, I share my battle-tested strategy to spotting 100x-1000x memecoins early 🧵
In the last 14 days, trading volume in memecoins has shot up.
This means more coins and more opportunities to bag 1000Xs
But to win at memecoin trading, you need:
⎆A solid entry & exit strategy
⎆Knowledge on hunting 1000Xs
⎆ Efficient use of sniping bots ( + other tools)
This means more coins and more opportunities to bag 1000Xs
But to win at memecoin trading, you need:
⎆A solid entry & exit strategy
⎆Knowledge on hunting 1000Xs
⎆ Efficient use of sniping bots ( + other tools)
How to build a solid strategy
1️⃣ Learn risk management:
You can't win every trade, but you can control how much you lose.
Learn to manage risks in your positions, and even on your losing days, you'll maintain a net profit.
1️⃣ Learn risk management:
You can't win every trade, but you can control how much you lose.
Learn to manage risks in your positions, and even on your losing days, you'll maintain a net profit.
2️⃣ Plan everything ahead:
Before buying a memecoin, decide at what market cap/price you'll start selling your bags.
Also, consider all the possible worst-case scenarios and plan how to prevent a full loss.
Before buying a memecoin, decide at what market cap/price you'll start selling your bags.
Also, consider all the possible worst-case scenarios and plan how to prevent a full loss.
2️⃣ Don’t fall in love with projects:
You’re in it to make money, so stick with the winners and ditch the losers.
When a memecoin starts a narrative and it catches on, others will try to copy it.
Ignore them and seek out the market leaders.
You’re in it to make money, so stick with the winners and ditch the losers.
When a memecoin starts a narrative and it catches on, others will try to copy it.
Ignore them and seek out the market leaders.
3️⃣ Understand the power of $BTC:
Memecoins, especially low caps, are highly reactive to BTC price movements.
A BTC pullback can cause up to a 50% dip in some.
Track BTC's movements to strategically add or trim your bags.
Memecoins, especially low caps, are highly reactive to BTC price movements.
A BTC pullback can cause up to a 50% dip in some.
Track BTC's movements to strategically add or trim your bags.
Now that you have a solid entry, position management, and exit strategy, you can start HUNTING 1000Xs.
Here I'll show you how to pick out a gem from 10,000+ shitcoins and how to fully analyze its potential before buying.
Let's do it⤵️
Here I'll show you how to pick out a gem from 10,000+ shitcoins and how to fully analyze its potential before buying.
Let's do it⤵️
1️⃣ Filtering out noise:
To find good meme coins, go to: @dexscreener or @DEXToolsApp.
You want to analyze the following about a coin before deciding whether it's worth looking deeper into:
⎆ Social media & community activity
⎆ Trading volume
⎆ Liquidity
To find good meme coins, go to: @dexscreener or @DEXToolsApp.
You want to analyze the following about a coin before deciding whether it's worth looking deeper into:
⎆ Social media & community activity
⎆ Trading volume
⎆ Liquidity
Go to: dextools.io
Enter the custom filters as shown in the image below (you can also use these values for Dexscreener)
This is step one to reducing noise.
Now proceed to analyzing the memecoin's social media activity.
Enter the custom filters as shown in the image below (you can also use these values for Dexscreener)
This is step one to reducing noise.
Now proceed to analyzing the memecoin's social media activity.
⎆ Social media & community:
Evaluate the coin's presence on X, TG, and Discord.
Is it trending on Dexscreener, CoinMarketCap, or CoinGecko?
How's the engagement with their posts on X?
By the end of this process, you're only left with a handful of projects
Evaluate the coin's presence on X, TG, and Discord.
Is it trending on Dexscreener, CoinMarketCap, or CoinGecko?
How's the engagement with their posts on X?
By the end of this process, you're only left with a handful of projects
It's now time to dive deeper into your narrowed-down list of coins.
Here's what to pay attention to:
⎆ Check if liquidity is locked.
⎆ Ensure 5-minute volume is over $10k.
⎆ You can even dive into socials again—it doesn't hurt to be thorough.
Here's what to pay attention to:
⎆ Check if liquidity is locked.
⎆ Ensure 5-minute volume is over $10k.
⎆ You can even dive into socials again—it doesn't hurt to be thorough.
Next, let's save you from a rug pull.
Go to RugCheck (rugcheck.xyz) and paste the coin's contract address.
If it is assigned a "Good" mark, then it is safe to proceed.
Go to RugCheck (rugcheck.xyz) and paste the coin's contract address.
If it is assigned a "Good" mark, then it is safe to proceed.
You also need to know the token's holder distribution.
Use @bubblemaps or solscan.io and paste the address.
Then click on "Analysis" and scroll to the bottom of the page.
Top 10 individual wallets should not hold 30%+ supply.
Use @bubblemaps or solscan.io and paste the address.
Then click on "Analysis" and scroll to the bottom of the page.
Top 10 individual wallets should not hold 30%+ supply.
Now that you've completed the DYOR part, it's time to buy.
To excel where 99% of traders fail, you need a good sniper bot:
⎆SOL: t.me
⎆ETH: t.me
⎆Other: t.me
To excel where 99% of traders fail, you need a good sniper bot:
⎆SOL: t.me
⎆ETH: t.me
⎆Other: t.me
t.me/BananaGunSnipe…
Banana Gun Sniper Bot
https://bananagun.io https://docs.bananagun.io https://bananagun.io/telegram https://twitter.com/Ban...
t.me/bonkbot_bot
BONKbot
Make More Money Trading with Solana's Fastest Telegram Bot.
t.me/MaestroSniperB…
Maestro Sniper Bot
This is the official Maestro Sniper Bot 🔫 deployed by @MaestroBots.
Everything in this thread is my personal view and is not financial advice.
Making my TG will be private soon as its become too large. For more alpha trades, charts & calls:
Join for free now: t.me
Making my TG will be private soon as its become too large. For more alpha trades, charts & calls:
Join for free now: t.me
I hope you've found this thread helpful.
Follow me @DamiDefi for more.
Like & RT the quote below if you can, it means a lot:
Follow me @DamiDefi for more.
Like & RT the quote below if you can, it means a lot:
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