Lecture on Trading Meme Coins Using Photon Tool

Introduction

• Importance of multiplying investments in meme coins.
• Overview of using Photon for daily trading profits.
• Mention of a competition to win $250 by subscribing and using the link provided.

Getting Started with Photon

• Installation and Setup: 🛠️
  • Click the link in the description or pinned comments.
  • Install Phantom, a crypto trading wallet used for Solana.
  • Connect your wallet and log in.
  • Deposit any amount of Solana.

Overview of Photon Interface

• Home Page Features: 🏠
  • New Pairs: Recently launched coins.
  • Trending Meme Scope: Focus area for trading.
  • Holdings and Leaderboard: Track your holdings and top traders.
  • Deposits: Click on the wallet to deposit funds.
• Key Data Points: 📊
  • Liquidity, market cap, transactions, volume, audit results.

Trading Larger Cap Meme Coins (Wave 3 Coins)

• Example: Dog With Hat (WITH): 🐕🎩
  • Created 6 months ago, overview of price trends.
• Chart Setup: 📈
  • Time frame, candlestick chart, volume indicator, RSI indicator.
  • Market cap is more relevant than price.
  • Use indicators (Volume and RSI) to determine overbought/oversold conditions.
  • Analyze market cap trends for potential buy and sell points.
• Trade Execution: 💼
  • Use 'Quick Buy' and set low slippage for slow-moving coins.
  • Track average price line and order lines.
  • Set stop-loss and take-profit orders based on previous highs and support levels.
  • Example settings for advanced traders.
• Stop-Loss and Take-Profit: 📉
  • Use auto-sell and target lines to minimize risk.
  • Customize expiry time and percentage to sell.
  • Importance of protecting gains and reducing losses.

Trading Newer Meme Coins Using Meme Scope

• Trending and New Pairs: 🔍
  • Use shorter time frames (5-30 minutes) to see what's moving.
  • Set filters for market cap, transaction volume, and social presence.
  • Example: Coin Gecko on Pump.fun, analyze 1-minute chart for quick moves.
  • Use bonding curve progress to identify potential 2x gains.
  • Different strategies for different stages of coin maturity.
• Avoiding Scams and Rugs: 🚩
  • Use filters to avoid low-volume, low-holders, and suspicious coins.
  • Check for sniper and insider trades as red flags.
  • Example: Sudden spikes in 1-second charts indicate manipulation.
  • Use indicators and tools like Bubble Maps for additional warning signs.

Advanced Filtering and Analysis

• Filters for Meme Scope: ⚙️
  • Set filters for holder count, volume, and market cap.
  • Open charts for further analysis.
  • Example of a suspicious sudden pump indicating a rug.
  • Use Bubble Maps to detect high transfer volumes and potential manipulation.
• Practice and Caution: 📘
  • Start with small positions to gain experience.
  • Use paper trading techniques to practice.

Conclusion

• Recap of key points and strategies for using Photon to trade meme coins.
• Importance of education and practice in successful trading.
• Reminder to join the Photon link for a chance to win $250.