Strategies for Trading Meme Coins

When it comes to meme coin trading, every single week there are at least two or three massive meme coins with narratives. And when the coin's already established, I always hear people saying like, where do you find these coins from? How did you get in so early? Like, why am I hearing about this so late? And after watching this video, that will be the last time that you actually say that because I'm going to show you exactly how to find them. But also at the same time, we're not going to look at the technicals in this particular video. We're going to look more at narrative play. going to look at what we call fundamental analysis. So let's get straight into it. We're first going to talk about a coin that I recently invested in called Spore. And this is a coin where in just 24 hours, already up over $12,000. And with this particular one, we're actually approaching resistance around 50 million. But because the price action has been so strong, I'm even in two minds, whether to keep buying more or to sell the position. But like I said, it's not the technicals that we're focusing on. On this chart, I've drawn on the left hand side where it says 50 million. And this is a volume chart. And this is a one week duration below. Every week, you're going to get two or three coins that just really take off from a brand new launch. And they do anywhere from 50 to 100 million in daily volume, sometimes a lot more than that. And your job as a trader is just to be aware of when this happens and to pick up these coins early. And then once you pick them up early, that's when you do some TA because for each of these, you want to get on a chart, see it hit some resistance, do a pullback and get ready to buy. Now there's a brilliant thing with these coins which is why I actually prefer trading these types of coins than absolute new launches like I showed in the last video. The things I like about these as I've discussed in previous videos is you can trade them with size, you don't have to worry about them being an absolute rug. Doesn't mean the price won't go down. It just means that there isn't any kind of obvious scam that's suddenly gonna go to zero. And finally, you know that these have a lot of attention and it's attention that really keeps the price of these pumping and going. So I came across Spur, it was literally only two or three days ago. And then I bided my time and I waited for an entry point, which was actually these dips here. And. The reason I bought this one is because I did my usual thing. I researched the account on Twitter. And like I said, this is the fundamental part of research. So I had a look and it said it's some sort of a new AI swarm where here on their website, the SPO, the original token, then turns into two new tokens, which they call Adam and Eve. And then these potentially can generate more coins. And basically, The argument here is that the AI should be creating more AI and things should develop much like human evolution. So you can see here is a basic kind of summary chart, but basically it's a survival of the fittest. They summarize, they say AI must be created by AI. Now listen, like you, me, we're not art critics, we're not science experts. That's not the point. The point is, this is clearly something new. This is clearly a development. in the AI niche, AI agent niche, whatever you want to call it. And it's something that potentially could get a lot of attention, especially as this experiment moves forward. So in essence, I don't really care about this, but I am curious about the types of coins it actually creates. Because it's survival of the fittest, in theory, the coin that wins might be the one that gets the most attention or creates the most money. So they also describe it as a hunger games for AI agents. yeah good idea you have to say the first time i came across this i was like hmm yeah that's actually might be onto something there now the coin that i actually faded was adam you can see with this particular one i was in here uh very early and i think in the end i think i may have made some tiny profits on it yeah like 280 dollars but basically here i faded here whilst we were at 1 million uh market cap and the reason i sold out was pretty simple i i just didn't understand it enough i didn't understand what would happen to these two coins then so in my mind I assume that if they created an even better coin that spawned, that these two then kind of die off and become irrelevant. But clearly it's not looking like that. Just today, this account, Sikhi Chen. So this person is actually doing a research and this research will be relating to very rare diseases. And some, literally he says here, some random guy 20 minutes ago made a sole meme coin called Mirror to help with research fundraising and sent me half the entire supply. So this actually just happened hours before I made this video and this coin ran to 80 million. Big pullback now but it's done 152 million in volume. In again, just hours. I don't think it's even been a full 24 hours, not even close. I think in total, it's been 13 hours and for a good cause too. And if you actually have a look at holders here, you can see the top wallet, which he now owns, holds 30% and he's been transparent about when he's going to be selling. But the first tranches he sold were all the way down here and the price still kind of pumped afterwards. So who knows what's gonna happen because this is more likely gonna be, he's more likely gonna be active on. pacific time but just getting back to the strategy this is what i'm talking about these are these coins every week two or three sometimes maybe up to five that really just take off and capture a lot of attention and this one moved to 80 million and you can see here the top top traders take a lot of six-figure sells it a lot of six-figure traders on this particular one and obviously millions in funding for this potential research project and some of them when they have strong narratives you see charts like this where they just keep on. There's dips and then there's a higher high, lower high, higher high, etc. So every single day on Deck Screener, I do the exact same thing at the beginning of the day. I just want to see what was trending. And in the simplest possible way, all I do is I go on to filters and I have these few filters set up. Now you can adjust these slightly. nothing's going to run to 500 million or more within the first three days again i say that but we might see crazy stuff like that soon so let's let's for argument's sake change that to maybe 700 and minimum market cap i want to put 300 000 because anything under that it's probably not going to be any kind of decent coin that will really capture attention and do big moves but it could be a beta play as well and pair age i put here 40 hours you could increase it to 50 hours just in case you're not able to see what's trending every single day you And then I've got 24 hour transactions there, 2000. At the top, Solana, and then in terms of pools, just click Radium here, click Save, and then scroll down, click Apply. And what I was talking about earlier was the volume. So sort it by volume, high to low. And you can see immediately you've got Mirror there. Now these are the new trending ones over the last two, three days. Now you can see many of them quite low in market caps. They didn't really make it. So for example, there's a Squid Game one here, 1.3 million in market cap. So kind of did okay, jumping on the new trend at the moment. So it's picking up some volume, but it's not being crazy. But definitely I keep an eye on this. I definitely keep an eye on this and just see if it develops into anything. So far, the chart action is not looking great. It's looking a little bit weak, but it is holding over that key resistance of 1 million. So if it continues to hold, maybe get some more volume, I'd be interested in this. And this is the type of coin I'd be looking at. Because like I said, It ticks all the boxes before. It is a current narrative at the moment, but the narrative is not anything new or unique. So if I click on Twitter here, they just call it the official Squid Game coin. I don't know how that could be an official one. But anyway, they just call it that, jump on the narrative. They make a few okay-ish posts about it. It's not a great meme. It's an okay meme. It's an okay meme. And these okay ones can do okay. They'll do just that. They might run. If it does do another run to five to 10 million, don't see it going anywhere more than that. But these ones like the the spore with the Adam and the Eve, these are the ones that can run much more because it's something that continue to capture attention and people continue to discuss it. And then once that new coin launches and new generations of these are spawned, what will that mean? You know, eventually even the hype with these will die off. It's just that hype cycle. We don't know how long it will be, but I do know that if something's newer, it's going to capture a lot more attention. I just want to take a break for a minute and just thank all of you for watching my videos, especially this year in 2024. The channel's been doing really well, but I think it's because I try my best in every single video to share as much value as possible. So please take a second to hit the like button and subscribe to my channel. Once we're on that note, one other thing I want to help you guys with, because Every single video, every single social media post I ever do, there's always loads and loads of people who are like, hey Sajjad, can we just copy your wallets? Let me just copy your wallet. And let me just show you exactly how that works here so you're clear, because I know a lot of you are kind of newer to trading in general or meme coin trading. So every decent trader has like a lot of wallets, maybe 20, 30 wallets across all different blockchains. So first of all, you're never going to copy them anyway, because they're going to be trading in so many different places. Next. Let's say I buy Spore here right now. So I buy first and then a hundred of you see that post. I announce it to everybody and then everybody jumps into this particular meme coin. So these are all of you watching now buying, copy trading. Obviously the price is going to go up as we're copy trading. Now some of the sharper ones of you will buy a lot as soon as I post. You may even have trackers ready. So as soon as I make any kind of posting about a contract, a ticker or anything like that, you just ape in. and you APM with like 10k or whatever. What's going to happen is the smarter ones amongst you are going to wait about five minutes and then sell everything you have. And this is going to be the easiest 5k you make ever. And all of the rest of you, probably 98% of you are going to lose money every single time by copy trading. Because what happens is you get these little mini pump and dumps. This is really, really not a good way to trade. Be extremely careful when it comes to copy trading. because this is what happens with a lot of successful copy traded wallets. This is why I generally recommend you learn how to actually trade meme coins and trade yourself. Don't just be aping in because somebody told you to do so or because you're copy trading a wallet that's already copy traded by loads and loads of people. This literal thing happens all the time. So I hope that's really clear. The next time you comment and just say, hey, can I just copy trade your wallet? Think about it. If you're copy trading me and I'm trading and you guys are all buying after me, What stops me from just selling after five minutes every time and just taking regular profits every single day? Sometimes that could be a very significant amount, especially if a lot of you jump in afterwards. Really think about it. This is why I don't recommend any of the shady stuff on my channel. Never have. And when projects or coins contact me and they're like, can you do a video about us and we'll pay you such and such. I've never done one. I do all right. I don't need to do stuff like that. Anyway, I hope that's crystal clear. And the point of these filters that I've just shown you, and I repeat in a lot of my videos, is you're capturing the new. Every single time you check this, and if you could check this every single day, it just takes 30 seconds. Have this saved on one of your Chrome folders. Literally just take the Dex Screener tab, URL, save it into one of your folders. And then all you do is you just click a button every day, and then it just shows you, okay, last 40 to 50 hours or last 24 hours, here's what I need to look at. So what you want to do is just, Click these in a new tab and then we begin our research. So for example this is RelaxBoy and if you don't know this there was a little bit of well it wasn't foot as such but basically ChillGuy apparently this is where the original image came from so even the artist who created ChillGuy basically just merged this dog and this kid from this random Vietnamese book from like six years ago. Crazy. So obviously when everybody heard about this yesterday massive run, normal, everybody took profits, nobody cares anymore. However is it holding a support level it got very very low which is not terribly bullish but let's see so very likely from 300 um there's no point chasing it now it's probably gonna just about run to a million then do a pullback but then does it build into something does it develop a narrative are whales do they care enough about this Are they doing enough about the socials or does somebody just paste this picture and then create a coin and then call it a day? Because if it's a call it a day coin, then this is all you're ever going to get. You're going to get a quick pump. Everybody in the trenches take their profits and move on to the next coin and rinse and repeat. So there's basically, I said there's three to five amazing coins every week, but then there's probably another hundred of these every single week that will do a quick run to five mil and die. Hundred of these. So there's plenty of these that you can absolutely trade as well. But just know that with these, the dips are severe and it doesn't have any longevity. So if you're brand new, you need to work a lot harder to get into these early and do your research early. Because when these are launching, there's probably five, ten different versions of these launching at the same time as well. That's a completely different area and strategy. And usually with these, you can't risk a massive amount of size because you see what happens. literally within hours afterwards. If you look on the right hand side, you'll see even this one, it's now labeled as a CTO. So someone launched it, you know, quote unquote, maybe the dev sold, or maybe it rogued, or maybe nobody cared. And then it suddenly turned into a community. And, you know, I don't see many of these successful long term, to be honest with you. But we'll find out soon enough if the coin itself nobody cares about in a day or so. This is UFD. And it's one I discussed, I think it was on... Twitter or YouTube, can't remember where, so just make sure you follow me on Twitter as well. But basically this one ran straight line in the first couple of days all the way to 300 million, consolidating sideways. The reason it hasn't completely died off is because it's based on this guy's Twitter account, Ron. And on Twitter and YouTube, he's constantly talking about it, posting about it and stuff like that. So it's holding its levels and the volume is less now than before, but it's holding. So if this ever went on another run, it has everything it needs. It's not... You see what I mean? How the difference is between some random CTO on Twitter that nobody cares about just to pump a few bags. And then it's a legit coin where a notable person is kind of pushing the coin. And this was an interesting narrative at the time. And now people probably might be bored of it now, who knows? But this was that one out of the three to five coins we see every single week. But this was last week. And if you have more time, you can really go next level with this, especially kind of like, attention analysis on Twitter, for example. In Meme Coin Mastery, first link in description, you can find out more about that there if you're interested. That's it for this one. Thanks for listening.

And after watching this video, that will be the last time that you actually say that because I'm going to show you exactly how to find them. But also at the same time, we're not going to look at the technicals in this particular video. We're going to look more at narrative play.

going to look at what we call fundamental analysis. So let's get straight into it. We're first going to talk about a coin that I recently invested in called Spore. And this is a coin where in just 24 hours, already up over $12,000. And with this particular one, we're actually approaching resistance around 50 million.

But because the price action has been so strong, I'm even in two minds, whether to keep buying more or to sell the position. But like I said, it's not the technicals that we're focusing on. On this chart, I've drawn on the left hand side where it says 50 million.

And this is a volume chart. And this is a one week duration below. Every week, you're going to get two or three coins that just really take off from a brand new launch. And they do anywhere from 50 to 100 million in daily volume, sometimes a lot more than that. And your job as a trader is just to be aware of when this happens and to pick up these coins early.

And then once you pick them up early, that's when you do some TA because for each of these, you want to get on a chart, see it hit some resistance, do a pullback and get ready to buy. Now there's a brilliant thing with these coins which is why I actually prefer trading these types of coins than absolute new launches like I showed in the last video. The things I like about these as I've discussed in previous videos is you can trade them with size, you don't have to worry about them being an absolute rug.

Doesn't mean the price won't go down. It just means that there isn't any kind of obvious scam that's suddenly gonna go to zero. And finally, you know that these have a lot of attention and it's attention that really keeps the price of these pumping and going.

So I came across Spur, it was literally only two or three days ago. And then I bided my time and I waited for an entry point, which was actually these dips here. And.

The reason I bought this one is because I did my usual thing. I researched the account on Twitter. And like I said, this is the fundamental part of research.

So I had a look and it said it's some sort of a new AI swarm where here on their website, the SPO, the original token, then turns into two new tokens, which they call Adam and Eve. And then these potentially can generate more coins. And basically, The argument here is that the AI should be creating more AI and things should develop much like human evolution.

So you can see here is a basic kind of summary chart, but basically it's a survival of the fittest. They summarize, they say AI must be created by AI. Now listen, like you, me, we're not art critics, we're not science experts.

That's not the point. The point is, this is clearly something new. This is clearly a development.

in the AI niche, AI agent niche, whatever you want to call it. And it's something that potentially could get a lot of attention, especially as this experiment moves forward. So in essence, I don't really care about this, but I am curious about the types of coins it actually creates.

Because it's survival of the fittest, in theory, the coin that wins might be the one that gets the most attention or creates the most money. So they also describe it as a hunger games for AI agents. yeah good idea you have to say the first time i came across this i was like hmm yeah that's actually might be onto something there now the coin that i actually faded was adam you can see with this particular one i was in here uh very early and i think in the end i think i may have made some tiny profits on it yeah like 280 dollars but basically here i faded here whilst we were at 1 million uh market cap and the reason i sold out was pretty simple i i just didn't understand it enough i didn't understand what would happen to these two coins then so in my mind I assume that if they created an even better coin that spawned, that these two then kind of die off and become irrelevant. But clearly it's not looking like that. Just today, this account, Sikhi Chen.

So this person is actually doing a research and this research will be relating to very rare diseases. And some, literally he says here, some random guy 20 minutes ago made a sole meme coin called Mirror to help with research fundraising and sent me half the entire supply. So this actually just happened hours before I made this video and this coin ran to 80 million. Big pullback now but it's done 152 million in volume. In again, just hours.

I don't think it's even been a full 24 hours, not even close. I think in total, it's been 13 hours and for a good cause too. And if you actually have a look at holders here, you can see the top wallet, which he now owns, holds 30% and he's been transparent about when he's going to be selling. But the first tranches he sold were all the way down here and the price still kind of pumped afterwards. So who knows what's gonna happen because this is more likely gonna be, he's more likely gonna be active on.

pacific time but just getting back to the strategy this is what i'm talking about these are these coins every week two or three sometimes maybe up to five that really just take off and capture a lot of attention and this one moved to 80 million and you can see here the top top traders take a lot of six-figure sells it a lot of six-figure traders on this particular one and obviously millions in funding for this potential research project and some of them when they have strong narratives you see charts like this where they just keep on. There's dips and then there's a higher high, lower high, higher high, etc. So every single day on Deck Screener, I do the exact same thing at the beginning of the day.

I just want to see what was trending. And in the simplest possible way, all I do is I go on to filters and I have these few filters set up. Now you can adjust these slightly.

nothing's going to run to 500 million or more within the first three days again i say that but we might see crazy stuff like that soon so let's let's for argument's sake change that to maybe 700 and minimum market cap i want to put 300 000 because anything under that it's probably not going to be any kind of decent coin that will really capture attention and do big moves but it could be a beta play as well and pair age i put here 40 hours you could increase it to 50 hours just in case you're not able to see what's trending every single day you And then I've got 24 hour transactions there, 2000. At the top, Solana, and then in terms of pools, just click Radium here, click Save, and then scroll down, click Apply. And what I was talking about earlier was the volume. So sort it by volume, high to low. And you can see immediately you've got Mirror there.

Now these are the new trending ones over the last two, three days. Now you can see many of them quite low in market caps. They didn't really make it. So for example, there's a Squid Game one here, 1.3 million in market cap. So kind of did okay, jumping on the new trend at the moment.

So it's picking up some volume, but it's not being crazy. But definitely I keep an eye on this. I definitely keep an eye on this and just see if it develops into anything. So far, the chart action is not looking great. It's looking a little bit weak, but it is holding over that key resistance of 1 million.

So if it continues to hold, maybe get some more volume, I'd be interested in this. And this is the type of coin I'd be looking at. Because like I said, It ticks all the boxes before.

It is a current narrative at the moment, but the narrative is not anything new or unique. So if I click on Twitter here, they just call it the official Squid Game coin. I don't know how that could be an official one.

But anyway, they just call it that, jump on the narrative. They make a few okay-ish posts about it. It's not a great meme.

It's an okay meme. It's an okay meme. And these okay ones can do okay.

They'll do just that. They might run. If it does do another run to five to 10 million, don't see it going anywhere more than that.

But these ones like the the spore with the Adam and the Eve, these are the ones that can run much more because it's something that continue to capture attention and people continue to discuss it. And then once that new coin launches and new generations of these are spawned, what will that mean? You know, eventually even the hype with these will die off.

It's just that hype cycle. We don't know how long it will be, but I do know that if something's newer, it's going to capture a lot more attention. I just want to take a break for a minute and just thank all of you for watching my videos, especially this year in 2024. The channel's been doing really well, but I think it's because I try my best in every single video to share as much value as possible. So please take a second to hit the like button and subscribe to my channel. Once we're on that note, one other thing I want to help you guys with, because Every single video, every single social media post I ever do, there's always loads and loads of people who are like, hey Sajjad, can we just copy your wallets?

Let me just copy your wallet. And let me just show you exactly how that works here so you're clear, because I know a lot of you are kind of newer to trading in general or meme coin trading. So every decent trader has like a lot of wallets, maybe 20, 30 wallets across all different blockchains. So first of all, you're never going to copy them anyway, because they're going to be trading in so many different places.

Next. Let's say I buy Spore here right now. So I buy first and then a hundred of you see that post. I announce it to everybody and then everybody jumps into this particular meme coin.

So these are all of you watching now buying, copy trading. Obviously the price is going to go up as we're copy trading. Now some of the sharper ones of you will buy a lot as soon as I post. You may even have trackers ready. So as soon as I make any kind of posting about a contract, a ticker or anything like that, you just ape in.

and you APM with like 10k or whatever. What's going to happen is the smarter ones amongst you are going to wait about five minutes and then sell everything you have. And this is going to be the easiest 5k you make ever. And all of the rest of you, probably 98% of you are going to lose money every single time by copy trading. Because what happens is you get these little mini pump and dumps.

This is really, really not a good way to trade. Be extremely careful when it comes to copy trading. because this is what happens with a lot of successful copy traded wallets. This is why I generally recommend you learn how to actually trade meme coins and trade yourself.

Don't just be aping in because somebody told you to do so or because you're copy trading a wallet that's already copy traded by loads and loads of people. This literal thing happens all the time. So I hope that's really clear.

The next time you comment and just say, hey, can I just copy trade your wallet? Think about it. If you're copy trading me and I'm trading and you guys are all buying after me, What stops me from just selling after five minutes every time and just taking regular profits every single day? Sometimes that could be a very significant amount, especially if a lot of you jump in afterwards.

Really think about it. This is why I don't recommend any of the shady stuff on my channel. Never have.

And when projects or coins contact me and they're like, can you do a video about us and we'll pay you such and such. I've never done one. I do all right. I don't need to do stuff like that.

Anyway, I hope that's crystal clear. And the point of these filters that I've just shown you, and I repeat in a lot of my videos, is you're capturing the new. Every single time you check this, and if you could check this every single day, it just takes 30 seconds.

Have this saved on one of your Chrome folders. Literally just take the Dex Screener tab, URL, save it into one of your folders. And then all you do is you just click a button every day, and then it just shows you, okay, last 40 to 50 hours or last 24 hours, here's what I need to look at. So what you want to do is just, Click these in a new tab and then we begin our research.

So for example this is RelaxBoy and if you don't know this there was a little bit of well it wasn't foot as such but basically ChillGuy apparently this is where the original image came from so even the artist who created ChillGuy basically just merged this dog and this kid from this random Vietnamese book from like six years ago. Crazy. So obviously when everybody heard about this yesterday massive run, normal, everybody took profits, nobody cares anymore. However is it holding a support level it got very very low which is not terribly bullish but let's see so very likely from 300 um there's no point chasing it now it's probably gonna just about run to a million then do a pullback but then does it build into something does it develop a narrative are whales do they care enough about this Are they doing enough about the socials or does somebody just paste this picture and then create a coin and then call it a day? Because if it's a call it a day coin, then this is all you're ever going to get.

You're going to get a quick pump. Everybody in the trenches take their profits and move on to the next coin and rinse and repeat. So there's basically, I said there's three to five amazing coins every week, but then there's probably another hundred of these every single week that will do a quick run to five mil and die.

Hundred of these. So there's plenty of these that you can absolutely trade as well. But just know that with these, the dips are severe and it doesn't have any longevity.

So if you're brand new, you need to work a lot harder to get into these early and do your research early. Because when these are launching, there's probably five, ten different versions of these launching at the same time as well. That's a completely different area and strategy.

And usually with these, you can't risk a massive amount of size because you see what happens. literally within hours afterwards. If you look on the right hand side, you'll see even this one, it's now labeled as a CTO.

So someone launched it, you know, quote unquote, maybe the dev sold, or maybe it rogued, or maybe nobody cared. And then it suddenly turned into a community. And, you know, I don't see many of these successful long term, to be honest with you.

But we'll find out soon enough if the coin itself nobody cares about in a day or so. This is UFD. And it's one I discussed, I think it was on... Twitter or YouTube, can't remember where, so just make sure you follow me on Twitter as well.

But basically this one ran straight line in the first couple of days all the way to 300 million, consolidating sideways. The reason it hasn't completely died off is because it's based on this guy's Twitter account, Ron. And on Twitter and YouTube, he's constantly talking about it, posting about it and stuff like that. So it's holding its levels and the volume is less now than before, but it's holding. So if this ever went on another run, it has everything it needs.

It's not... You see what I mean? How the difference is between some random CTO on Twitter that nobody cares about just to pump a few bags.

And then it's a legit coin where a notable person is kind of pushing the coin. And this was an interesting narrative at the time. And now people probably might be bored of it now, who knows?

But this was that one out of the three to five coins we see every single week. But this was last week. And if you have more time, you can really go next level with this, especially kind of like, attention analysis on Twitter, for example. In Meme Coin Mastery, first link in description, you can find out more about that there if you're interested.

That's it for this one. Thanks for listening.

Transcript for:Strategies for Trading Meme Coins

Transcript for:
Strategies for Trading Meme Coins