Do not hold biases against any profit opportunities.
In the current market cycle, Meme coins are one of the core narratives; no matter how pessimistic you may be, you should participate personally. After all, VC coins continue to decline, while Meme coins still have profit opportunities even in a player-versus-player (PVP) environment, and there are certainly cases of getting rich quickly. As a newcomer to Meme coins, I have organized a learning path to share with everyone for mutual teaching and learning.
01 Establishing Awareness#
Before entering unfamiliar territory, it is essential to establish an overall understanding; otherwise, it relies purely on luck.
Psychological Preparation:#
- Participating in Meme coins is like playing the lottery; be prepared for the possibility of losing your principal, but you can improve your odds through learning;
Establishing Initial Awareness:#
- What are Meme coins? Products of community sentiment and culture;
- Why play Meme coins? To gamble small for big returns, pursuing a turnaround rather than just doubling;
- Where are the risks in Meme coins? Filled with conspiracy groups and extreme volatility;
Understanding Basic Knowledge:#
- Pixiu coin: Contract maliciously restricts, can only buy and not sell, buying means zeroing out;
- Sniper: Front-running bots set high gas fees for priority trading, causing normal traders to buy high/sell low, profiting from the spread;
- Smart money: On-chain high-yield user wallet addresses, can track their investment targets;
- Internal/External market: Internal market refers to tokens not having liquidity added on DEX; external market refers to successfully adding liquidity;
Classification of Meme Coins:#
- Trend-based: Riding on keywords related to Musk, CZ, Vitalik, or events, generating huge traffic in a short time;
- Narrative-based: Relying on popular industry narratives, such as DeSci + Meme, AI + Meme;
- Cultural: Based on cultural heritage, such as Sad Frog, Doge memes;
- Mechanism-based: Featuring innovative mechanisms, such as $people, the first DAO;
- Ponzi-type: Online + offline recruitment Ponzi schemes with air coins;
Daily Life of Meme Coin Players:#
- Follow influencers: Follow Meme coin-related KOLs in both Chinese and English on Twitter to get the latest updates;
- Join groups: Participate in discussion groups to observe group sentiment;
- Follow chains: Pay attention to tokens from internal to external markets;
Overall Principles#
In the world of martial arts, speed is the only unbreakable skill.
Do not fall in love with battles, do not be diamond-handed.
Manage risks well, and take profits and losses in a timely manner.
02 Practical Operations: Methodology#
Step 1: Discover potential new coins (scan chains)
Analyze Token Contract Security#
- Is it a Pixiu scheme? Use tools to check contract code for trading restrictions or locking mechanisms;
- Is the contract open-source? Open-source increases transparency and prevents backdoors;
- Have token permissions been relinquished? Relinquishing permissions prevents the issuer from minting more tokens;
- Is there a locked liquidity pool? Locking liquidity pools prevents price crashes;
Analyze Chip Structure#
- Token market cap: Ideal liquidity pool value is above 100 SOL;
- Number of holders: Recommended to be over 1000 addresses;
- Recent trading situation: More than 60 trades within 1 minute or over 600 trades within 5 minutes;
- Top 10 holders' positions: 15%-25% is healthy, 25%-35% is sub-healthy, over 35% is unhealthy;
Analyze Project Background#
- Did the dev run away? Check the team's past records to see if they have stopped updating or disappeared;
- Is the team paying for ads on Dexscreener? Paid ads indicate confidence;
- Official Twitter account of the token: Check activity level, follower count, interaction, and content quality;
- TG community link: Check activity level, number of members, admin responses, and AMA activities;
- Are there KOL endorsements? More promotions indicate a solid community;
Step 2: Discover smart money movements (copy trading)
Official marked addresses are limited, so you need to build your own watchlist.
How to find smart money: Early large holders of high-gain Meme coins, high-yield traders, or early buyers; or on-chain active players/KOL addresses.
Avoid following too many wallets to prevent information noise.
Step 3: Final buy and sell (trading)
- Market sentiment: The key is to understand sentiment, exit at the peak of FOMO; judgments are based on community sentiment, on-chain indicators, and other subjective factors;
- Risk management: Set stop-loss points to avoid emotional trading; invest with discipline;
- Timing selection: Pay attention to news events and social media trends; technical indicators often fail, so act promptly;
- Phase selection: The characteristic of washing is that the front row sells while the back row buys, with similar quantities; the characteristic of unloading is to consider following when early profit-takers unload;
03 Long-term Learning#
🔥🔥🔥 Alpha's practical tools for finding golden dogs
1️⃣ Axiom Dog Sniper https://axiom.trade
2️⃣ Gmgn Dog Sniper https://gmgn.ai
3️⃣ dbot Dog Sniper https://app.debot.ai
4️⃣ Morelogin Multi-account Fingerprint Browser www.morelogin.com
04 Summary#
When trading Meme coins, more effort can improve your odds.
Experienced players are incredibly diligent, observing the market and trading 24/7.
Ordinary users also deserve to participate, experiencing the fast pace, not just for profit, but for the perception of trading and learning.
I will continue to update learning dynamics, hoping to help everyone.
from @YueXiaoYu
Related Reading#
【Must-read for beginners! Binance Megadrop project risk-free participation guide, step by step teaching you how to earn profits】
【Real stories of getting rich in the crypto world】 Many people ask me, after years of trading coins, how did I go from 0 to 11 million and then to a debt of 100,000?
Everyone is searching for#
Buying Bitcoin domestically, depin small grass hanging, taker mining, taker diamond, how to receive small grass grass airdrop, trading exchanges, okx download registration, domestic okx recharge, Binance App registration, Binance App download, Binance platform buying coin tutorial, Binance registration, bianace airdrop registration, Binance iPhone download, how to buy presidential coins, how to buy Dogecoin, buying Bitcoin with RMB, how to download OKX, web3 airdrop, web3 zero airdrop, bitget mainland download registration, OKX passport registration, OKX download, Binance download, trading coins side business, OKX contracts, how to recharge RMB on OKX, how to recharge on OKX, how to create an NFT wallet, how to recharge RMB on Huobi, beginner's tutorial for the crypto world, btc8848.com, trading contracts Tony's mindset, contract leverage bit wave, DeFi mining, crypto world airdrop, can airdrops still be played in the crypto world, what to do if contracts are liquidated, how to buy presidential coins on OKX and Binance, how to buy Ethereum on OKX and Binance, how to play DeFi staking and mining, can NFTs still be played, how to play web3 airdrop, how to hit inscriptions, how to hit runes, crypto world beginners' entry, how to trade coins, can trading coins make money, crypto world beginner tutorial btc8848.com, can trading coins make money, what is contract leverage, DeFi mining, how to play airdrops in the crypto world, OKX airdrop, node staking, liquidation, financial freedom, night investment heiyetouzi.xyz