Effective Strategies for Trading Meme Coins

When you trade in meme coins there are many many different strategies you can use literally hundreds but there are only a few of them that actually work and that you can repeat and consistently make profits with. Now remember with meme coin trading you're not going to make money every single day it's over the long term over a week period or over a month period. Can you be profitable? That's the aim and I'm going to show you a couple of strategies I use. These are especially good if you're on a limited trading budget. And this video is going to be quite technical. So let's get started. And just before we start, make sure to hit that subscribe button and notification bell so you don't miss any strategy videos like this, because the meme coin trading world is constantly changing. So sometimes our strategies need to change with it as well. So for this, I'm going to use DexScreener because it's just the simplest, easiest free software that you can use. And it's very easy for the majority of people to understand. So when you come to DexScreener.com, just click on the logo on the top left. Now we get... a whole set of different meme coins here listed, old ones, new ones, ones on different blockchains. And we just want to focus on a particular strategy here, which is Solana meme coins. And this is a buy the dip wave one strategy, which I'm about to show you. So click here on filters on the top right. Now on all platforms, click on that, then click on Solana, click save. Now click the gray box here on the right and click on radium as the dex to use. Click save again. Now I only want to look at brand new launches. So we're going to put a maximum age here of two hours. We're not going to put anything as a minimum. Market cap. Now it's very, very rare I see any coin do well after dipping all the way back to like 20, 30, 40,000. Very rare. So we're going to set this on the higher side. So we're going to put 65,000. So if it's already dipped below 65,000, I'm not really interested. Next thing, we're just going to add one more filter, which is volume. And again, this is mainly just to take out some of the... the scam bots and scam launches. So basically on 24 hour volume here, which obviously includes, even if it's a brand new launch, it will include all of the volume. And basically here you can put a minimum of, let's say $40,000. And we're going to do a few other things as well, but I'll show you why in just a minute. So first of all, just click on apply there. Now here, what you want to do is then click on has profile. So that means it already has logo, name, everything. And this has all been updated on deck screen ideally as well. So you can see the list there is not very long, but now you're seeing stuff that's just launched but is already at 800 or 900 million market cap. Obviously those of you who've been trading for a while will know these as a scam. Just by the market cap alone, nothing reaches that market cap so quickly. Secondly, you'll know it's a scam because of the chart. Nothing rises straight up to 600 within a second and then slowly trends up like that with no organic dips and buys. But again, an easier way to do that, just to save time, is when you click on filter, just put a maximum market cap. Like nothing should be over, let's say 50 million, even if that. But let's just put 50 for now. Click apply. So you see now a very short list. Now most of these, we're going to want to look at. So click on new profile again, and you'll see it's literally just five, eight, exactly ten. Perfect. So it's ten coins that we're looking at. And like I said, it's going to get a little bit technical. We're going to have a look at the price charts, and we're going to look at why we buy and sell in certain positions. for this video ignore the five minute one hour six hour 25 that doesn't matter at all it's the charts that we're focusing on because these are brand new launches the six if they're brand new launches the six hour change obviously doesn't matter at all anyway because they're only maximum two hours okay so now we're going to open these we'll open the top three first so first thing you want to do when you open these coins is because we have time we have time to place our trades is to check is it a scam or not and this one obviously is for for many reasons but to show you a couple of them very quickly so first of all nothing goes up just in a straight line like that beginning all the way up to 16 million it's gonna go like this anyway that's just from the chart next thing if you scroll down here on the right hand side and you actually have a look at the contract address you'll see it doesn't end in pump so it's not a pump fund coin mostly we want to trade pump fund coins anyway but even then uh by the way ignore this like where it says audit and stuff like that this is all nearly always wrong so just ignore all of this stuff the other thing you can see here is this is um the liquidity is not being burnt here so that's an issue as well Now, compared to when I first started trading meme coins, there's so many tools and bots and web apps you can use now to help you. For example, this one's called Soul Scanner. And you can find it here at soul underscore scanner underscore bot. And with this one, all you do is completely free to use as a telegram bot. You just copy and paste the contract address. And when I did it for this one, Bat Pepe, I can see immediately there's a high holder and 0% are burnt. These are the two red flag signs. So this is one that you would never, ever go near. But again, if you're brand new, you won't know this stuff. So make sure you're using these tools to check. So, so many problems with this. So obviously this is a scam, so we won't trade this one. Next we've got another one here. This is called Honey Soul. And remember we haven't even looked at any socials yet. Let me just refresh the page just to see if they paid for Dex Screener on the right hand side, which I can't see yet. And also let me have a look here at the contract address. You can see this one is a Pump Fund coin. So that's good. So it's a legit coin. I don't need to look at whether it's been burnt and stuff like that, but you can already see the liquidity. and the green sign there anyway for reassurance. Now is this one, is the DEX paid? It's very easy to check on this website. This is called checkdex.xyz and you just need to copy and paste the address here. So again, if we go back on the coin, scroll down and just copy and paste contract address. So you could do that from here and click copy, paste it into here, check DEX screen are paid. And this particular one has been paid. It's just not being updated, which is sometimes an opportunity by the way, before we pump, before it's obvious that it's showing. Now let's get technical. Now this particular one, I don't need to spend ages going through all of the socials and stuff like that. I can just tell just by looking at it. It says just this for honey. So it's playing on that kind of peanut narrative and stuff like that. So that's perfectly fine. But if you want to, we can search it on Twitter and see some random comments. Apparently loads of whales are buying and stuff like that. Obviously ignore all of that. But you get a bit more information about the actual coin itself, which is fine. So yeah, reasonable enough. Now let's have a look at the chart. So we're on a one minute chart here. And. When you have a look at this, you can see that from 100,000, which is where it reached the radium liquidity pool, it's about 100,000. It went straight up to 500 and then pulled back to 200. So it's very, very strong out of the blocks. In fact, on a one second chart, you'll be able to see even better. So let me zoom in and show you that. You can see there around the 500,000 mark, it kind of oscillated around that, some dips there, and then it moved actually very, very quickly, moved very quickly up all the way to around the 1 million mark psychological level, as a lot of you will know. And then we had a pullback almost exactly to 500,000. So, so far, so good. And from 500, we ran again all the way up to just over 2 million. The next level had a pullback to 1.3 and then up to 2.7. So kind of in between trading there. So let's zoom back out to a one minute. And all in all, that's where we saw the top around 3 million, which nowadays on pump fund coins tends to be quite a common kind of take profit target. And we had a pullback all the way up to 1.5 round level. It didn't hold. We had a push up again. And now we're selling off. So all we need to work out as a trader is where is our next opportunity here to buy? Let's say this coin recovers and pushes up again because the volume is very good. You can see 11 million in volume. So no issues there. So the next logical level where we might see a pullback, the next round levels anyway, we know 1 million is a level. And we know underneath there 500,000 is a level. So these are the round number levels that we know about. The other thing we want to consider is price range levels. Most pullbacks when it comes to meme coins, They happen at important fib levels. So let me just show you on a fresh area here. So basically, it's the 382.5 and 618. They're the most common ones for a sharp pullback. If you're getting a very, very deep pullback, you can get 786. But generally, what you want to think about is around 50 to 60% is a pullback. So this kind of range here. And how we can use that is we can go back onto the chart here, click here on where it says price range, take the price range from the top. I wouldn't count that wick, so I'd count the top at around 3 million and pull down. And I can see that the 60% level comes in at around nearly 1 million, just above. And the 50% comes at around 1.45, 1.5, which actually we've gone through now. So when we've gone through a level, you can ignore that level for now, because obviously that wasn't a level that we bounced at, we pushed through. So the next one I'm looking at is the 60, 618 level, which is nearly exactly 1 million. So if I'm trading this, which I... which I will be doing actually, I'll be looking at a 1 million level. So how do you trade this? Now, when we get down here to the 1 million area, it's not going to be perfect. You're never going to perfectly get a trade. I really don't want it to go to 1.05, bounce and go to 2 million. And I have a buy order set at 1.01, if that makes sense. So I'm going to open up some trading software. So for this example, we use Photon and I funded a fresh wallet. It's got about 9.7 sol. So combined with another wallet I have, it's showing us 10 sol in the top right at the moment. So let's just call it 10. I've searched for the token here in the top bar and this is the token and it's called honey and we can get on to a smaller time frame here. We can get on to 15 second charts which is very very useful. You can see it's actually getting a nice bounce here around 1.3 but again I'm gonna wait and be patient. Another way I can trade this is let's say this is the bounce because we never know you know nothing's 100% perfect with this. What we look for is a push-up, break of previous structure, break of the previous high, pull back at a higher low and then we go. Now if we get that set up, then I'm interested as well. So I'll just literally watch it manually, and I'll do a manual trade, meaning I'll literally watch the chart and then decide, okay I want to buy here. And with this type of trade, for me, for my risk tolerance, I'll probably put a couple of SOL on this. Anywhere from 2 to 5 SOL. But if you're brand new, you'll be looking at a lot less. 0.1 to 0.5 SOL maximum. All depends obviously on your experience and your trading budget and portfolio and your know-how when it comes to this. in terms of strategies you've tried before. So we talked about pullback, we talked about percentage, we talked about psychological levels. The other thing is when you look left and right, there are support and resistance levels. And if we draw a horizontal line here, we can see where previous highs were. So our previous all-time high here, for example, was at 1.2. So we need to note that as well when we're considering a buy trade. So it's possible price could bounce there. And the other significant ones are obviously higher up, like 2.2, and we've got 2.8 million. So if we ever did push up, those might be bounce levels as well. So this is something called confluence. Confluence is when you get loads and loads of different things giving you the same potential area where you could get a bounce. So I've seen loads of different things here. That's why I'm definitely looking at the 1.1 maybe even 1.1 to the 1.2 level now. So we just have to be patient and wait for that. Like I said unless we get very strong price action here and a deep pullback because then we can enter the trade from there too. So that's why I'm keeping an eye on. So we'll come back to this coin. we'll see how it develops. But in the meantime, let's put a buy order anyway. So let's click on buy the dip. This is an automatic order. And with this particular one, I want to set up a two Solana buy order. And I can actually type in here the market cap I want to buy at. So to make sure it triggers, we're going to go with 1.2 or so. So 1.21. Something like that. So if the market cap drops from here where it is right now by 25% it will trigger the trade which I'm happy with. Expiring 24 hours let's put a little bit less, six hours because after six hours you know if the price is messing about here and it's dying off I'm not interested. To be honest I'll put even lower I'll put like two or three hours so I can monitor it because then after that I'm not going to care and I'd rather it removes this automatic order. Advanced settings click on here and we're going to set higher slippage so we get something like five or six percent. and we're going to keep the map protection we're going to keep it fast because i really do want to make sure my trade goes through problem with secure is is better um in terms of not getting front run but sometimes your trade doesn't always go through so we'll keep this actually we'll put this up five and we'll keep this as create order here and you can see if i remove the drawings here that's the buy the dip level so i've got that right there so i've got the dip level board now like i said if it pulls all the way down we're ready to buy and if we buy and we jump in and we're in the position Remember I said this is a range, so if it's going to dip, it could be anywhere between here and probably 950k. This is a region. Not going to get this stuff perfect. So if it does come back in here, I don't mind holding a bit of a loss and seeing if it reverses. And I can always put a stop loss a little bit further down. Let's see if it makes it through here, because this is an important resistance level now. A level that was previous support here. So it's going to be hard to push through, but if it does push through this and then we get support on that level, then it's a lot more bullish. So let's see if it gets through. This is the technical side to meme coin trading and obviously it takes a while to learn as well but with practice with looking through enough charts obviously watching a lot of my videos as well because I do get quite technical in in the meme coin trading videos and you'll be able to learn more and more. There's nothing like knowledge when it comes to helping you with your trading. I'm going to go back on here for a second and have a look at some others because we had a look at this one we can saw here by volume as well by the way and that is the highest volume one of the last couple of hours so a lot of volume going in there a lot of interest. which is why I'm watching it very, very closely. And like I said, even if we push through here and I didn't time it perfectly in terms of the dip, I'm still interested. I'm still interested. And if it does run, wherever it runs from, where do we take profits? A very, very common area where we take profits is first of all, again, draw off the psychological levels. I've been talking about this for a very long time in this channel, many, many months, even going on over a year now. So we've got 2.5. five and then obviously 10 million but also previous highs so around the 2.7 2.8 million mark in just under three so around this region here very important to consider profits because it's a very good likelihood that there'll be some selling back here because this was exactly where resistance is this is where everybody's watching these levels come from natural law and mass psychology basically because every other human being who's trading this maybe they're Well, there is, not maybe, but there are a lot of AI agents trading coins nowadays as well. But they'll all be looking at these levels, those automated levels to buy and sell. So keep an eye on those too. So as we go down, this is a big drop now in volume. And then we've got a couple here that we can have a look at. One at 800k market cap, one at 388. Let's have a look at those. Again, open a new tab. First thing we want to look at is, is there any kind of scam? That's the first thing. And are there any socials that we can look at? So we can have a look at that too. So this one ran up. you know with with very few pullbacks very quickly as well all the way up to 800 000 so i'm unsure so if i go down here on the right hand side i can see it's a pump fund coin so that's very good so that greatly reduces the potential for scams but also we need to have a look at the holders and we can analyze that on any tool like for example photon by the way whilst i'm about to do that notice that this hopefully should trigger very soon because we're seeing a straight sell-off here we had what looked like a corrective three move up into resistance here and we've sold off which is fine Still getting bounces, volumes looking consistent here, mostly selling volume. So it looks like it will trigger. Like I said, even after it triggers, this could just dump all the way back down to six, seven hundred thousand. You don't know. This is the risk you take with meme coin trading. I'm looking at a risk of hopefully only 20% or so. And if my two soul doesn't work out, I'll have lost 0.3, 0.4 soul. However, if it works out, I might be able to turn that into the two soul into four soul or more. That's literally what I'm doing here. Risk reward. The other thing I can do is if I'm seeing a strong bounce. So if I drop down to even a one second chart here, I'm seeing a lot more volume come in. You're seeing a lot of bounce there around 1.2 but I don't think it triggered. I can actually just buy as well. So I'm just going to consider blind buying as well because I think I've just missed it there which is annoying. So let's do one soul and then if it dips down that's fine we can always buy more. So basically bought one soul here. because you see here my dip was at 1.2 but I think the exact dip price we'll see it better on DexCreener the exact low here came at 1.24 so a little bit higher but like I said I don't know if that is the dip either it could dip lower to where my targets were I don't know I just don't want to miss this one because like I said the volume is decent it's at a very good healthy pullback and it's bouncing on previous where the previous high was you So I'm interested for sure. So I bought in a bit higher as you've seen it was about 1.37, 1.4 around there that I bought in. So let's see how it goes. If it starts to run then we'll talk about some take profits and stuff. If it's struggling we'll talk more about where I might want to take a loss if it's not working out. Either way is fine. So we run this next one that was called Nate Bag. A few things I can check here on Photon. So if I zoom out let's say to a 30 second to look at the overall chart. If I click on other trades here, I can include Dev trades, Sniper trades, Insider trades. So they're all on here. So I can see Dev bought and then Dev sold pretty much straight away. So it's basically what you might call a CTO. And the chart's looking actually quite strong. So let's click on Twitter. This one is from a proper account. Like I don't know who this account is or what it is. And this person is talking about how an AI coin from a month ago went to 600,000 market cap. So, um, They were considering how to CTO this or something like that. So I don't know if it's a new one that's been created It's strange, but something definitely going on here. So obviously it needs a lot more research, but clearly you don't have to do that much There's something going on here. There's a lot of engagement. It's a larger Account with 36 000 posts. So it's not some like random fresh twitter account. So yeah, we're live here Definitely something to look at and the thing is when when you get these organic ones these decent ones that are running and They're getting very few pullbacks here. It's very, very bullish too. They're still going to get pullbacks. We've seen, we've almost fallen into the range and we're getting the volume increasing all of the time. So we're in a range here. So what I like to do with these ones is either wait for it to hit some important level, like 1 million, which it hasn't done right now, and wait for a more significant pullback because it might be too early or buy at the low of the range. So this is a completely different strategy. It's another strategy I teach, and this is range trading strategy. Where the safest place is, that's now all the support, that's now all resistance. You'd prefer to buy here. You don't necessarily have to sell at the high, but you might want to take a little bit profit because the range is quite large. So it's everywhere from 400 to nearly 900. So it's a 2x range basically. So we're going to wait for this one and keep an eye on it. Let's see what's going on with the other coin. So with this particular one, let's zoom out a little bit. We don't need a one second chart anymore and let's remove some of these drawings. We're in a 15 second chart here and we see it's gone up. My dip didn't trigger the dip binding trigger so what i would do is probably cancel that actually because i don't want to mess with that now if i see a move up from here and really struggle because my strategy was to buy the dip and the dip just happened to occur a little bit higher and i think there was uh also one more we opened a shiba san so we'll have a quick look at that one too that ran to what looks like 500 and it's pulling back from there have a quick look yeah it's a pump fun token the tobacco cellar dog Again, we're going to open that in Photon as well, just to see is there any insider trading, any other concerns. Have a quick look at holders as well. So you can see this one we were in before, average price, well, just under 1.4. This one's doing fine. And it ran, but we're not going to be interested in taking any profits at like 1.8 or well below 2. There's just no point. The whole point of this is to see whether it actually does a little bit more running. And here, from the low, I can see slightly higher low, slightly higher low. So it's still maintaining some sort of structure. So I'm still open-minded. But if it breaks back below this area at 1.3, 1.2, I'll probably sell out. Now it is possible it can go double bottom and then go back up as well. But like I said, the coin's too new. When anything's too new like this, I wouldn't be interested. The only thing I do like about this, like I said, is the volume. Overall volume has been very good. So this one now, which was called Honey, again it's attacking this area. So it's looking decent enough. Ideally we want movements like this, if it did start to get going, we want to see a few green candles in a row. This is called an impulsive move. Whereas when you see it kind of going sideways like this, this is called a corrective move like that. So we just have to be a bit careful about that. At the moment it's mostly sideways and we want to keep trying to break these and make higher highs as well. Not only higher lows, higher highs as well. We don't want to kind of lose that structure. Again it's getting a bit technical but these are the things. that I'd be looking at. Let's talk about take profits now. So we discussed it a little bit earlier, but these are the levels I'm looking at. So you can see one clear, there's a high there, and there's an important level of 2.5 there. So ideally, I want to take one lower. So if we get there, what I would do is I would do an auto sell. So click on auto sell, take profit. And then here, what we would want to do is around the 2.3. So put 2.320. So if the price rises another 40% from here, so from my position, it's more like 70, 80%, say. we'll take a little bit of profits so we'll take 40 as an example and this expires uh we can leave that as 24 hours because it might take time to get there and again we want slippage a little bit higher so five or six percent on the sell side it doesn't matter as much the mev protection stuff create order so we've got that there too so we've got average price That's the take profit. Now, if I'm moving away from the screen and I'm worried about the position, I can put an automatic auto sell as well. So auto sell here, market cap is, and this, I don't want to see it really messing about around the 1.3 area anymore. So put that there. So basically, sorry, I have to click on stop loss there. And then 1.3.1. So basically, if it drops 27, 28% from where it is right now, I'm not interested anymore. Sell the whole 100%. and it gets by in 24 hours that's fine same slippage etc create order so now what i've done here again remove the drawings you can see i'm here between the range if it hits this kind of orange brown line golden line i'm out i'm not interested and i'll take a small loss loss will be hardly anything probably be about 0.1 sold something like that but if i take profits here i should i should be up a little bit because right now my position if you click on sell now 100 my position is up 0.23 of a soul because remember we bought for one soul so we'll see how it goes. Ideally I wanted two soul but we never got that automatic buy which is okay. Looking at this one we've got the buy the dip order ready again it's looking weak-ish the volume is dropping a bit as well so there is a good chance it will drop back. Now another level it can drop back if it's very deep is all the way to 100 and remember with all of these drop levels that could have been the forever top we don't know we don't know for 100% sure but the good thing is with this dip buying strategy even if that is the top, the highest it will ever be, you will get a level here, either 200 or 100, where it'll do a little run, might do a 2X or more and then fail. So I can still actually, you know, even at worst break even, but sometimes actually make a really tidy profit there, even if it struggles and it's going to fail anyway. To be honest, some of my best coins aren't the ones that ran to hundreds of millions. It was trading these new ones that failed eventually, but gave me a good 5X, 10X or even more in these initial stages. So that's why I do like this area of trading. Anywhere from kind of 500,000 market cap to 1 million is really, really fruitful in terms of ROI. And then 1 to 5 million upwards for some better quality coins. This was the other one I was looking about here. It's called Shiba San. And annoyingly, I had to leave the screen, but this was a really good one because I was watching it here coming down and it did bounce under the 200. Actually, I would have put an automatic 200 buy probably here too. And it's run really well. So from there from 200, we've gotten at least a 3x there. But again, I'm not in this position But look at the volume below So sometimes it's easier to watch the volume if you zoom out a bit But you can see is actually increasing in volume Which is very bullish and this is gonna go on a good run from here already has done now I'm still open minded about this. So if it do get a healthy pullback, I will be interested But I need to see where the swing high is. So this So for example here this would be a swing low this would be a swing high this will play it'd be a place where we got the highest high and then it started to break structure. I don't know where this will be yet it could be from here it just depends on what happens with price going forward so we don't know yet. Now note that this is not going through it's because my slippage is too low here so I can change this to four or five click on fast even while it's trying to go through because that one looks like it's going to fail now click on 40 and then click so now it has actually sold. And it's still at the 1.6. So we took some profits there. Nothing incredible. Took a little bit of profits there. Now let's see. Let's see if it can bounce. Now let's see. Let's see if it can bounce around 1.5 and run. But again, if it's coming lower down, because as I say, the chart's not looking great, then I'm out of the position. And I might sell a little bit higher as well, just to, again, tie in a little bit of profit. Looking back at this list, I'm going to click refresh, because obviously with the time settings we have, there might be some new ones here as well. And then I'm going to click on volume, highest to lowest. and see if there's anything else that has come up got this one here as well and an agent one as well so we'll have a look at both this this just this for james and this one is a pump fun coin again now this particular one you just scroll out to a one minute chart and see how it's doing so i had a bounce up 52 000 so i actually got really low in terms of price but then a strong bounce from there so let's open in photon again you you get different trends and clearly this is a trend right now these just this uh coins so That's why it seems to be doing well. Now, from there, by the way, 500 all the way to 500. I'm not surprised there's profit taking. I mean, that's actually a 10x from there. Seems like the coin has done nothing. But these are the kind of crazy gains you can get if you get in very, very early. Obviously, I'm clearly a few minutes late to this one. But never mind. Let's click on 15 seconds and let's wait and see how the price develops. Let's see if there's any others. There's another one I opened, which was this one. This agent's autonomous. So this one looking quite weak here dropped to 60,000 and again remember we have to do all of the other same checks as well I'm just quickly trying to do them all at the same time. So pumpfund coin holders that's a liquidity pool there are some kind of big holders but nothing too bad for such a low market cap coin. Volume is okay. But then the last five, 10 minutes of volume, not really great. The volume's really died off there. So quick eye on my positions, which I do manually for these new ones. So I keep an eye on it, even after it's done a dip by. So this particular one, again, looking okay. So this is one, two, three. This is the fourth lower high here. So looking good. So I think we could run because if you look here as well, we've made some higher highs as well. So that's good so far. So that was a nice bounce. We needed that 1.5 bounce. We've got that. so it's good but i am 40 out of the position i did take some profit so it's only a smaller position now but let's see if we can get to that profit target there this is the agents anonymous one that we added so let's go to a 30 second chart and let's see what's going on with the dev here dev bought and then there was some insider selling here as well which is always a little bit suspicious so to be careful with that bubble maps like i've said before doesn't always give you the whole picture but again you can just have a quick glance at it just to see the top holders see some of the holders here as well Just quick check to see if it looks bundled. This is another bot I've used before, Trench Radar Scanner. So you can just copy and paste it into here. So this particular one, you can see here, the same time slot, there was a lot of wallets that bought up a large amount of the supply. So very likely it's bundled. Another large bundling here, so we wouldn't go near it. And that's the end of that. So this is basically a scam, quote unquote. And this is this one, AA. So we'll see what happens with the price anyway, but that's very likely what's going on with this one. So this one looked like it. pretty much was gonna run there's some profit taken here and it's again a lot of profit taken again another higher low so let's see what happens it's kind of in between territory now so i don't really know to be honest with you all i know is the volume still dying off so i'll show you that a little bit more clearly you can see that you see that very very clearly that really to get a new pump you need it to get a bit more volume so basically i'm gonna sell just based on that alone so i've made a little bit of profits here nothing special we'll discuss that later you This one's going sideways still looking strong. It's very rare I do what you might call top blasting where sometimes you know the coins look so strong that you don't even wait for a dip you just randomly just ape in and buy. I just don't like to do that anymore. I find even with the better coins there always are dip opportunities and to be honest from a risk reward and trading strategy perspective it's just it's just not smart to get in the habit of doing. You could very easily just buy the top way of the coin lose 40-50 percent and you see you know started you know this with around 10 soul if that dropped to two or three soul the amount of work i would have to do to get that two soul back to 10 i literally have to do a 5x and stuff is a lot so i really don't want to take any big risks where i could lose 70 80 percent of our position it just doesn't make sense the other way you could do it is again if you're a sharper trader i could buy here a smaller dip like at 500 000 we just watch it like a hawk and if it's not immediately pushing off um i i sell quickly This one's bounced even lower now at 1.4. Just zoom back out. This one's just gathering momentum. So I will do a little top blast here. So we'll go with two sole. Let's see how it goes. But I'm very quickly going to sell. I don't think this is going to work out. So I'm going to be ready. So bought two, got my average price there. And I'm keeping a very close eye on this one. I just think it's past support levels, like 500 and stuff. Usually around here, apart from just this all-time high, which we're right next to, we've not got any immediate resistance. The next resistance is about 900. So I'm taking a calculated risk where I'm top blasting for sure. I'm basically buying the high, but thinking that is a decent moment to buy the high. And I'm looking at the volume, which with every peak seems to be getting higher, which is a good sign too. So I'm comfortable with my two soul, but I need to be very aggressive with selling, especially taking profits or taking small losses if I need to. So we'll zoom out on this one. We go to a 15 second and we might even put an automatic sell in place here. So we're looking at so I don't like to do one million. So basically we're going to go with automatic sell less. So I like to go around 940s. So auto sell take profit should be nines, nine, four, three, three. So another 20 percent from here. Take 50 percent off advance. Let's do 4 percent. so it's a bit tighter yeah now we've got it showing properly so that's good so again good volume coming in let's see if it can tag my take profit or if we get a lot of selling before that which can happen too because again everybody's doing what i'm doing that they're thinking i definitely want to take profits and some people have been in it since a hundred thousand since two hundred thousand so it's a great opportunity for them and because they didn't see any serious selling yet they didn't have to worry about panic selling either so I don't think I need to do anything yet and to be honest if it sold off from here I wouldn't I wouldn't take a sell. I would hold my position and see if it could build up again because it just wouldn't make sense for such small profit taking it wouldn't make sense. However 940 950 yeah it makes sense take a little bit of profit there. So this one's still making unbelievably four or five higher lows and it's curving around which is a little bit more bullish but again I've not really seen any volume come in. So I'm still going to assume we're just in a range here kind of like that shape so we're still in here now again if we break out this could get very bullish but so this one Again, didn't quite make it. There's a lot of profit taken, but I will wait. Zoom out to see what the volume's like. Yeah, I'll definitely wait. No problems there with the volume. So let's see if this automatically triggers live. And you can see here, you can see take profit order's been triggered. And you see it didn't go through the first time. Second time it went through. So we've sold 1.47 and the rest of the position will hold. And to be honest, it was looking so strong. You know, there's an argument whether I should even have bothered to take some profit. But yeah, I think still it's sensible, especially if you're new and you just get into grips with this. You've got to look to take profits as you go along. So what position size do we have left here? So we've still got, so if I go on to 100% here, you can see I've still got another 1.4. So a solo 1.4, so we're nearly like one sole up. Half of it we've taken obviously in profits. And it was a two sole buy-in we had. You can see the average price there. So if this gets to 1.2, that would be 2x, for example. So now I'm just going to hold and wait. So now if it pushes through, you can see, you see that that's the full 1 million and just above selling. But again, I'm not particularly worried. Look at look at the large candle there. Just so many people taking profits at the same time. So it was always going to happen and we are going to get a dip for sure. But again, I have a feeling just with the way it's moving, it might be a shallow dip. And with my remaining position, if we do run now, we're in blue sky territory. And now it's literally just levels I've discussed. to the 2.5 and if it really ran 5. Now I see very few running to 5 so I'm automatically not thinking it's going to make it there. I'm more thinking where I've seen a lot run recently the 2.5 to 3 area is probably going to top there. So because I'm not going to be watching this all the time, this screen, what I can do here is again same thing. I can automatically put a cell if we did ever get there. Now the good thing about this one is I don't have to watch the screen. And if it wants to, because I think this is a slightly better meme, price could do all of this and I don't care. Because I've taken some profits, I've protected my position now, and I can put a stop loss here, which will protect my profits too, which means there's no way I can take a loss on this trade. Now let's do the stop loss first. So how I would do it is have a look here and push the chart up and see where, when we had this range here before, look where all the support was at 500. So there's a good chance if we get some massive dip we'd get support again at 500. Now sometimes we have quick wicks below and then come back up. So what I would do is I would put the auto sell stop loss a little bit lower, give it a bit of space. So even below 475 I'd put it up by 469 say. So if it drops by 50% from here I'm out of the position 100% sold and we'll leave that for we'll leave that for longer 72. Because if this position drags and I just don't keep an eye on it in the next couple of days I want to make sure that's there so because I don't want to take any losses. So we'll put Let's say 4% slippage, fast create order, that's there. So that's it, I'm completely secured in this position now, better place to be. Now, automatic sell for take profit, let's do that too. So I would say I'm gonna go with 274. And the reason for that is I think 2.8 and stuff, there's a lot of wick and a lot of pressure selling there as well. So I would rather go for this, sell another 50% of my position because obviously as I get to there, if it ever gets there, the 50% will be worth obviously a lot more. So I'm happy to take a larger sell. 72 hours, I don't care when it gets there. 4% slippage is fine, fast is fine, create order. So now if it gets there, you see it's a good bit higher up, 50% sell there. I'm perfectly fine with that. The way it's consolidating around one as well is looking okay. Because if it gets above here, it might drop back to one, but we're still way above my stop loss. So I'm going to give it a chance. And the good thing is, if it sometimes You see coins all the time like I've shown you another one before we looked at it can run to here and then drop All the way back to on to a million but because I put a take profit because I didn't miss this I know I'm gonna take some profits before it comes all the way back down I don't want to just bag hold lose all of those profits all the way down and then get into it So I'll come back to this. I might have to even pause the video and just show you later how this played out Just for curiosity sake. I just want to bring you back to this one as well Remember I showed you this range. It's still messing about in the range volumes It's dropping, but it looks okay. It's sustaining. Let's call it sustaining volume sideways, which is actually not a bad sign. It's not dropping even further. There's still some interest. So it's about what to do here. Now, I'm very careful if I've bought and sold a coin before, especially if I've made a little bit of profit or a small loss on, aping into these again and again. You have to be very careful with that. It's a very common mistake to make, especially if you didn't buy in or you bought in and you sold too early and you see it go up and you FOMO in. So I'm actually... Even if this one runs now, I'm actually not going to just randomly buy in at something that's not a support level. So at the moment, I believe I'm only in this trade. for now so we had a little bit of trade on the others we're only in this trade and let's see how it goes like i said i can sell all the position now what is it worth now it's worth and so to check you could just click on sell now click on 100 you see this is worth two soul now this position so it's decent so so far like if i sold everything right now would probably be up about 1.5 soul going on to two soul with the other slight profit so not much maybe five hundred dollars something like that it's good stuff and this is how i trade this region because these are the coins that have the volume so these ones that i showed you that you can quickly filter down there's not a lot to look through there's only a few here focus on this region especially if you're newer it's a safer region do you do diligence and checks by the way if you want to go through all of this in a lot more depth i do have my comprehensive meme coin trading program first link in description and there i go into a lot more detail not more technical detail especially and dependent on when you're seeing this video you might still be able to get the extended sale offer there might be a voucher code there too So what I thought might be really good is to recap the trades. This is about 20 or 30 minutes later after the point. And I'll show you something interesting on this one. On Honey, what I actually did in the end. So I bought and I sold my position, if you remember. And if you remember talking about it at the time, I was expecting a bounce from 1.5, which we did. But then we retested the bounce. So I got a bit nervous there and took my position and took a little bit of profits. But obviously, in hindsight, that was a bad idea. The problem was the volume was dropping for me and it wasn't committing. It actually came in a little bit later there. which again is a shame. And also even after we broke out, look at this, I had a dip by set up here at 1.8, which again, we just missed. So it's just one of those things on another day, you know, obviously these trades will work out a lot better, no big deal. But if I stayed in that 1.3-ish position, if you have a look at this going up now, this ran, got to a previous resistance, had a little bit of a sell-off, nothing major, but then went to psychological resistance, which we know to be 5 million. Perfect profit taking. So if I actually had, I think I only had one soul in the end, but if it ran, it would have made three-ish soul. And if I had two soul here, it would have got five, six soul. And actually even here, to be honest, is looking really good because what are we seeing with the volume? Volume is high at the moment. So that's really good. So again, like I said, I don't like dipping back into things, but if the opportunity arises and we get a proper sell-off, I might have a look. And now I'd be having a look probably around the 2.5 mil or just the high here. You see this high here? So around that high, that's how I'd look at it. Again, this is all part of technical analysis, all part of trading. You're not going to trade these perfectly, but I didn't need to be perfect. If I got in anywhere here and sold out the first normal major resistance level at five, that would have been it. But anyway, hindsight, I'll do another live trading video and hopefully on that one, we'll get everything. Everything will just click. This was the other one. And this was the one weirdly that was actually looking a little bit stronger. But what happened here was if you have a look here above the 1 million level, we got this triple top. Again, the other thing you want to watch out for when you're moving up is we're hitting the same resistance level a few times and then it becomes a very strong resistance level. We either get a double top, that's two, or triple top, that's three. Again, this is all TA. And then when it pulled down, made the lower highs, then I was out of the position. I sold some there, sold some there, took some profits. Again, not the best trade in the world, made a little bit, I think barely, maybe 0.7, 0.8 sold, something like that. Even though... If I'd sold all here, would it be 1.5? But again, you have to hold. You have to see once you're in position, you have to hold and give it time. And if it's not working out, you sell out. Now, will this do another dip? And is it possible to buy back in here? Possibly. So here, what I would look at is, have a look at the, in one minute, have a look at the volume here. Where was the previous high? We kind of broke through that 500,000 support level. Because if you remember me saying 500, do you remember I had a stop, original stop below here? I mean, I sold all out higher up. but my stop was below here but you can see why because look exactly where we bounce 500 500 again we bounce there so it's right to have because we could have bounced there and keep running so it's the right place to put a stop but we failed so my stop even if i left the position open my stop would have just triggered here and i probably would have been about break even on the trade which is no big deal now actually we ran all the way down to 300 000 now if you actually remove the drawings here and we do a price um a range here it's about i think it would be a you about 60% I believe, even more, 786. So actually I'm going to buy back in here on the dip. And the video will be too long, so you'll just have to check yourself and see how this went. But I bought back in here and we'll see. The first area we need to get through is 500. If we get through 500, again, this will be the area on a bounce for profits. Remember, these are all new coins. So the momentum is within them at the beginning. They will do whatever they need to do and then they will fail, most of them. Some won't fail. Some will carry on and do big things. So that's one possibility. Another possibility is it carries on, gets to somewhere near here, maybe double top, then fails. And the final possibility is just there's a lower high and then fails. But even in that final possibility, I could trade the bounce here and make a little bit of profit. With my two soul, maybe make one soul in profit, two soul in profit, and then it can sell off. Let's see how it goes. And this was the other position, the NateBag position where we got in at the dip. So you don't see the dip buy there, but you can see if I hover over, I bought in up, well, it triggered at 189. So literally perfectly bought the low there. So this particular one, I believe should be up. So if I click on sell here, a hundred percent, we're up to three sold. And I think it was a two sold buy. So let's see how this one develops. So you can see here at the top, I invested two sold. The remaining is 3.2. So we're up just a little bit. So it was a nice dip buy in the end. But anyway, let's see how it goes. And the where am I looking for sell targets? Well, very simple. Definitely 500. You can see that that's where resistance was. Will it even get there? Or is this just a dying coin with lower highs? Not sure. So if we struggle here, I'll probably sell half the position, take half profits here. But again, we don't know if we'll break through. Having a look at volume very quickly. So go into one minute. See the volume is pretty low. So to sustain this pump going up, you have to get more volume. Otherwise, I'll just take a sell here. Bank the one, one and a bit Solana and just move on. Guys, I hope this video was helpful. And if you did find it helpful, please comment below. And I'm more than happy to do more kind of live trading like this, where I just go through my whole thought process as well. Thanks for listening.

That's the aim and I'm going to show you a couple of strategies I use. These are especially good if you're on a limited trading budget. And this video is going to be quite technical.

So let's get started. And just before we start, make sure to hit that subscribe button and notification bell so you don't miss any strategy videos like this, because the meme coin trading world is constantly changing. So sometimes our strategies need to change with it as well.

So for this, I'm going to use DexScreener because it's just the simplest, easiest free software that you can use. And it's very easy for the majority of people to understand. So when you come to DexScreener.com, just click on the logo on the top left.

Now we get... a whole set of different meme coins here listed, old ones, new ones, ones on different blockchains. And we just want to focus on a particular strategy here, which is Solana meme coins.

And this is a buy the dip wave one strategy, which I'm about to show you. So click here on filters on the top right. Now on all platforms, click on that, then click on Solana, click save.

Now click the gray box here on the right and click on radium as the dex to use. Click save again. Now I only want to look at brand new launches.

So we're going to put a maximum age here of two hours. We're not going to put anything as a minimum. Market cap.

Now it's very, very rare I see any coin do well after dipping all the way back to like 20, 30, 40,000. Very rare. So we're going to set this on the higher side.

So we're going to put 65,000. So if it's already dipped below 65,000, I'm not really interested. Next thing, we're just going to add one more filter, which is volume.

And again, this is mainly just to take out some of the... the scam bots and scam launches. So basically on 24 hour volume here, which obviously includes, even if it's a brand new launch, it will include all of the volume. And basically here you can put a minimum of, let's say $40,000. And we're going to do a few other things as well, but I'll show you why in just a minute.

So first of all, just click on apply there. Now here, what you want to do is then click on has profile. So that means it already has logo, name, everything. And this has all been updated on deck screen ideally as well. So you can see the list there is not very long, but now you're seeing stuff that's just launched but is already at 800 or 900 million market cap.

Obviously those of you who've been trading for a while will know these as a scam. Just by the market cap alone, nothing reaches that market cap so quickly. Secondly, you'll know it's a scam because of the chart.

Nothing rises straight up to 600 within a second and then slowly trends up like that with no organic dips and buys. But again, an easier way to do that, just to save time, is when you click on filter, just put a maximum market cap. Like nothing should be over, let's say 50 million, even if that. But let's just put 50 for now.

Click apply. So you see now a very short list. Now most of these, we're going to want to look at.

So click on new profile again, and you'll see it's literally just five, eight, exactly ten. Perfect. So it's ten coins that we're looking at. And like I said, it's going to get a little bit technical.

We're going to have a look at the price charts, and we're going to look at why we buy and sell in certain positions. for this video ignore the five minute one hour six hour 25 that doesn't matter at all it's the charts that we're focusing on because these are brand new launches the six if they're brand new launches the six hour change obviously doesn't matter at all anyway because they're only maximum two hours okay so now we're going to open these we'll open the top three first so first thing you want to do when you open these coins is because we have time we have time to place our trades is to check is it a scam or not and this one obviously is for for many reasons but to show you a couple of them very quickly so first of all nothing goes up just in a straight line like that beginning all the way up to 16 million it's gonna go like this anyway that's just from the chart next thing if you scroll down here on the right hand side and you actually have a look at the contract address you'll see it doesn't end in pump so it's not a pump fund coin mostly we want to trade pump fund coins anyway but even then uh by the way ignore this like where it says audit and stuff like that this is all nearly always wrong so just ignore all of this stuff the other thing you can see here is this is um the liquidity is not being burnt here so that's an issue as well Now, compared to when I first started trading meme coins, there's so many tools and bots and web apps you can use now to help you. For example, this one's called Soul Scanner. And you can find it here at soul underscore scanner underscore bot.

And with this one, all you do is completely free to use as a telegram bot. You just copy and paste the contract address. And when I did it for this one, Bat Pepe, I can see immediately there's a high holder and 0% are burnt.

These are the two red flag signs. So this is one that you would never, ever go near. But again, if you're brand new, you won't know this stuff. So make sure you're using these tools to check.

So, so many problems with this. So obviously this is a scam, so we won't trade this one. Next we've got another one here.

This is called Honey Soul. And remember we haven't even looked at any socials yet. Let me just refresh the page just to see if they paid for Dex Screener on the right hand side, which I can't see yet.

And also let me have a look here at the contract address. You can see this one is a Pump Fund coin. So that's good. So it's a legit coin. I don't need to look at whether it's been burnt and stuff like that, but you can already see the liquidity.

and the green sign there anyway for reassurance. Now is this one, is the DEX paid? It's very easy to check on this website.

This is called checkdex.xyz and you just need to copy and paste the address here. So again, if we go back on the coin, scroll down and just copy and paste contract address. So you could do that from here and click copy, paste it into here, check DEX screen are paid. And this particular one has been paid. It's just not being updated, which is sometimes an opportunity by the way, before we pump, before it's obvious that it's showing.

Now let's get technical. Now this particular one, I don't need to spend ages going through all of the socials and stuff like that. I can just tell just by looking at it. It says just this for honey. So it's playing on that kind of peanut narrative and stuff like that.

So that's perfectly fine. But if you want to, we can search it on Twitter and see some random comments. Apparently loads of whales are buying and stuff like that.

Obviously ignore all of that. But you get a bit more information about the actual coin itself, which is fine. So yeah, reasonable enough.

Now let's have a look at the chart. So we're on a one minute chart here. And. When you have a look at this, you can see that from 100,000, which is where it reached the radium liquidity pool, it's about 100,000. It went straight up to 500 and then pulled back to 200. So it's very, very strong out of the blocks.

In fact, on a one second chart, you'll be able to see even better. So let me zoom in and show you that. You can see there around the 500,000 mark, it kind of oscillated around that, some dips there, and then it moved actually very, very quickly, moved very quickly up all the way to around the 1 million mark psychological level, as a lot of you will know. And then we had a pullback almost exactly to 500,000. So, so far, so good.

And from 500, we ran again all the way up to just over 2 million. The next level had a pullback to 1.3 and then up to 2.7. So kind of in between trading there. So let's zoom back out to a one minute. And all in all, that's where we saw the top around 3 million, which nowadays on pump fund coins tends to be quite a common kind of take profit target.

And we had a pullback all the way up to 1.5 round level. It didn't hold. We had a push up again.

And now we're selling off. So all we need to work out as a trader is where is our next opportunity here to buy? Let's say this coin recovers and pushes up again because the volume is very good.

You can see 11 million in volume. So no issues there. So the next logical level where we might see a pullback, the next round levels anyway, we know 1 million is a level.

And we know underneath there 500,000 is a level. So these are the round number levels that we know about. The other thing we want to consider is price range levels.

Most pullbacks when it comes to meme coins, They happen at important fib levels. So let me just show you on a fresh area here. So basically, it's the 382.5 and 618. They're the most common ones for a sharp pullback.

If you're getting a very, very deep pullback, you can get 786. But generally, what you want to think about is around 50 to 60% is a pullback. So this kind of range here. And how we can use that is we can go back onto the chart here, click here on where it says price range, take the price range from the top. I wouldn't count that wick, so I'd count the top at around 3 million and pull down. And I can see that the 60% level comes in at around nearly 1 million, just above.

And the 50% comes at around 1.45, 1.5, which actually we've gone through now. So when we've gone through a level, you can ignore that level for now, because obviously that wasn't a level that we bounced at, we pushed through. So the next one I'm looking at is the 60, 618 level, which is nearly exactly 1 million.

So if I'm trading this, which I... which I will be doing actually, I'll be looking at a 1 million level. So how do you trade this?

Now, when we get down here to the 1 million area, it's not going to be perfect. You're never going to perfectly get a trade. I really don't want it to go to 1.05, bounce and go to 2 million. And I have a buy order set at 1.01, if that makes sense.

So I'm going to open up some trading software. So for this example, we use Photon and I funded a fresh wallet. It's got about 9.7 sol. So combined with another wallet I have, it's showing us 10 sol in the top right at the moment. So let's just call it 10. I've searched for the token here in the top bar and this is the token and it's called honey and we can get on to a smaller time frame here.

We can get on to 15 second charts which is very very useful. You can see it's actually getting a nice bounce here around 1.3 but again I'm gonna wait and be patient. Another way I can trade this is let's say this is the bounce because we never know you know nothing's 100% perfect with this. What we look for is a push-up, break of previous structure, break of the previous high, pull back at a higher low and then we go. Now if we get that set up, then I'm interested as well.

So I'll just literally watch it manually, and I'll do a manual trade, meaning I'll literally watch the chart and then decide, okay I want to buy here. And with this type of trade, for me, for my risk tolerance, I'll probably put a couple of SOL on this. Anywhere from 2 to 5 SOL. But if you're brand new, you'll be looking at a lot less. 0.1 to 0.5 SOL maximum.

All depends obviously on your experience and your trading budget and portfolio and your know-how when it comes to this. in terms of strategies you've tried before. So we talked about pullback, we talked about percentage, we talked about psychological levels. The other thing is when you look left and right, there are support and resistance levels.

And if we draw a horizontal line here, we can see where previous highs were. So our previous all-time high here, for example, was at 1.2. So we need to note that as well when we're considering a buy trade.

So it's possible price could bounce there. And the other significant ones are obviously higher up, like 2.2, and we've got 2.8 million. So if we ever did push up, those might be bounce levels as well.

So this is something called confluence. Confluence is when you get loads and loads of different things giving you the same potential area where you could get a bounce. So I've seen loads of different things here.

That's why I'm definitely looking at the 1.1 maybe even 1.1 to the 1.2 level now. So we just have to be patient and wait for that. Like I said unless we get very strong price action here and a deep pullback because then we can enter the trade from there too.

So that's why I'm keeping an eye on. So we'll come back to this coin. we'll see how it develops.

But in the meantime, let's put a buy order anyway. So let's click on buy the dip. This is an automatic order.

And with this particular one, I want to set up a two Solana buy order. And I can actually type in here the market cap I want to buy at. So to make sure it triggers, we're going to go with 1.2 or so. So 1.21. Something like that.

So if the market cap drops from here where it is right now by 25% it will trigger the trade which I'm happy with. Expiring 24 hours let's put a little bit less, six hours because after six hours you know if the price is messing about here and it's dying off I'm not interested. To be honest I'll put even lower I'll put like two or three hours so I can monitor it because then after that I'm not going to care and I'd rather it removes this automatic order. Advanced settings click on here and we're going to set higher slippage so we get something like five or six percent. and we're going to keep the map protection we're going to keep it fast because i really do want to make sure my trade goes through problem with secure is is better um in terms of not getting front run but sometimes your trade doesn't always go through so we'll keep this actually we'll put this up five and we'll keep this as create order here and you can see if i remove the drawings here that's the buy the dip level so i've got that right there so i've got the dip level board now like i said if it pulls all the way down we're ready to buy and if we buy and we jump in and we're in the position Remember I said this is a range, so if it's going to dip, it could be anywhere between here and probably 950k.

This is a region. Not going to get this stuff perfect. So if it does come back in here, I don't mind holding a bit of a loss and seeing if it reverses.

And I can always put a stop loss a little bit further down. Let's see if it makes it through here, because this is an important resistance level now. A level that was previous support here. So it's going to be hard to push through, but if it does push through this and then we get support on that level, then it's a lot more bullish. So let's see if it gets through.

This is the technical side to meme coin trading and obviously it takes a while to learn as well but with practice with looking through enough charts obviously watching a lot of my videos as well because I do get quite technical in in the meme coin trading videos and you'll be able to learn more and more. There's nothing like knowledge when it comes to helping you with your trading. I'm going to go back on here for a second and have a look at some others because we had a look at this one we can saw here by volume as well by the way and that is the highest volume one of the last couple of hours so a lot of volume going in there a lot of interest.

which is why I'm watching it very, very closely. And like I said, even if we push through here and I didn't time it perfectly in terms of the dip, I'm still interested. I'm still interested.

And if it does run, wherever it runs from, where do we take profits? A very, very common area where we take profits is first of all, again, draw off the psychological levels. I've been talking about this for a very long time in this channel, many, many months, even going on over a year now.

So we've got 2.5. five and then obviously 10 million but also previous highs so around the 2.7 2.8 million mark in just under three so around this region here very important to consider profits because it's a very good likelihood that there'll be some selling back here because this was exactly where resistance is this is where everybody's watching these levels come from natural law and mass psychology basically because every other human being who's trading this maybe they're Well, there is, not maybe, but there are a lot of AI agents trading coins nowadays as well. But they'll all be looking at these levels, those automated levels to buy and sell.

So keep an eye on those too. So as we go down, this is a big drop now in volume. And then we've got a couple here that we can have a look at.

One at 800k market cap, one at 388. Let's have a look at those. Again, open a new tab. First thing we want to look at is, is there any kind of scam?

That's the first thing. And are there any socials that we can look at? So we can have a look at that too.

So this one ran up. you know with with very few pullbacks very quickly as well all the way up to 800 000 so i'm unsure so if i go down here on the right hand side i can see it's a pump fund coin so that's very good so that greatly reduces the potential for scams but also we need to have a look at the holders and we can analyze that on any tool like for example photon by the way whilst i'm about to do that notice that this hopefully should trigger very soon because we're seeing a straight sell-off here we had what looked like a corrective three move up into resistance here and we've sold off which is fine Still getting bounces, volumes looking consistent here, mostly selling volume. So it looks like it will trigger.

Like I said, even after it triggers, this could just dump all the way back down to six, seven hundred thousand. You don't know. This is the risk you take with meme coin trading.

I'm looking at a risk of hopefully only 20% or so. And if my two soul doesn't work out, I'll have lost 0.3, 0.4 soul. However, if it works out, I might be able to turn that into the two soul into four soul or more. That's literally what I'm doing here. Risk reward.

The other thing I can do is if I'm seeing a strong bounce. So if I drop down to even a one second chart here, I'm seeing a lot more volume come in. You're seeing a lot of bounce there around 1.2 but I don't think it triggered. I can actually just buy as well. So I'm just going to consider blind buying as well because I think I've just missed it there which is annoying.

So let's do one soul and then if it dips down that's fine we can always buy more. So basically bought one soul here. because you see here my dip was at 1.2 but I think the exact dip price we'll see it better on DexCreener the exact low here came at 1.24 so a little bit higher but like I said I don't know if that is the dip either it could dip lower to where my targets were I don't know I just don't want to miss this one because like I said the volume is decent it's at a very good healthy pullback and it's bouncing on previous where the previous high was you So I'm interested for sure. So I bought in a bit higher as you've seen it was about 1.37, 1.4 around there that I bought in.

So let's see how it goes. If it starts to run then we'll talk about some take profits and stuff. If it's struggling we'll talk more about where I might want to take a loss if it's not working out.

Either way is fine. So we run this next one that was called Nate Bag. A few things I can check here on Photon.

So if I zoom out let's say to a 30 second to look at the overall chart. If I click on other trades here, I can include Dev trades, Sniper trades, Insider trades. So they're all on here. So I can see Dev bought and then Dev sold pretty much straight away.

So it's basically what you might call a CTO. And the chart's looking actually quite strong. So let's click on Twitter.

This one is from a proper account. Like I don't know who this account is or what it is. And this person is talking about how an AI coin from a month ago went to 600,000 market cap. So, um, They were considering how to CTO this or something like that. So I don't know if it's a new one that's been created It's strange, but something definitely going on here.

So obviously it needs a lot more research, but clearly you don't have to do that much There's something going on here. There's a lot of engagement. It's a larger Account with 36 000 posts. So it's not some like random fresh twitter account.

So yeah, we're live here Definitely something to look at and the thing is when when you get these organic ones these decent ones that are running and They're getting very few pullbacks here. It's very, very bullish too. They're still going to get pullbacks. We've seen, we've almost fallen into the range and we're getting the volume increasing all of the time.

So we're in a range here. So what I like to do with these ones is either wait for it to hit some important level, like 1 million, which it hasn't done right now, and wait for a more significant pullback because it might be too early or buy at the low of the range. So this is a completely different strategy.

It's another strategy I teach, and this is range trading strategy. Where the safest place is, that's now all the support, that's now all resistance. You'd prefer to buy here. You don't necessarily have to sell at the high, but you might want to take a little bit profit because the range is quite large. So it's everywhere from 400 to nearly 900. So it's a 2x range basically.

So we're going to wait for this one and keep an eye on it. Let's see what's going on with the other coin. So with this particular one, let's zoom out a little bit. We don't need a one second chart anymore and let's remove some of these drawings.

We're in a 15 second chart here and we see it's gone up. My dip didn't trigger the dip binding trigger so what i would do is probably cancel that actually because i don't want to mess with that now if i see a move up from here and really struggle because my strategy was to buy the dip and the dip just happened to occur a little bit higher and i think there was uh also one more we opened a shiba san so we'll have a quick look at that one too that ran to what looks like 500 and it's pulling back from there have a quick look yeah it's a pump fun token the tobacco cellar dog Again, we're going to open that in Photon as well, just to see is there any insider trading, any other concerns. Have a quick look at holders as well. So you can see this one we were in before, average price, well, just under 1.4. This one's doing fine.

And it ran, but we're not going to be interested in taking any profits at like 1.8 or well below 2. There's just no point. The whole point of this is to see whether it actually does a little bit more running. And here, from the low, I can see slightly higher low, slightly higher low. So it's still maintaining some sort of structure. So I'm still open-minded.

But if it breaks back below this area at 1.3, 1.2, I'll probably sell out. Now it is possible it can go double bottom and then go back up as well. But like I said, the coin's too new.

When anything's too new like this, I wouldn't be interested. The only thing I do like about this, like I said, is the volume. Overall volume has been very good.

So this one now, which was called Honey, again it's attacking this area. So it's looking decent enough. Ideally we want movements like this, if it did start to get going, we want to see a few green candles in a row.

This is called an impulsive move. Whereas when you see it kind of going sideways like this, this is called a corrective move like that. So we just have to be a bit careful about that.

At the moment it's mostly sideways and we want to keep trying to break these and make higher highs as well. Not only higher lows, higher highs as well. We don't want to kind of lose that structure.

Again it's getting a bit technical but these are the things. that I'd be looking at. Let's talk about take profits now. So we discussed it a little bit earlier, but these are the levels I'm looking at. So you can see one clear, there's a high there, and there's an important level of 2.5 there.

So ideally, I want to take one lower. So if we get there, what I would do is I would do an auto sell. So click on auto sell, take profit.

And then here, what we would want to do is around the 2.3. So put 2.320. So if the price rises another 40% from here, so from my position, it's more like 70, 80%, say.

we'll take a little bit of profits so we'll take 40 as an example and this expires uh we can leave that as 24 hours because it might take time to get there and again we want slippage a little bit higher so five or six percent on the sell side it doesn't matter as much the mev protection stuff create order so we've got that there too so we've got average price That's the take profit. Now, if I'm moving away from the screen and I'm worried about the position, I can put an automatic auto sell as well. So auto sell here, market cap is, and this, I don't want to see it really messing about around the 1.3 area anymore.

So put that there. So basically, sorry, I have to click on stop loss there. And then 1.3.1. So basically, if it drops 27, 28% from where it is right now, I'm not interested anymore. Sell the whole 100%.

and it gets by in 24 hours that's fine same slippage etc create order so now what i've done here again remove the drawings you can see i'm here between the range if it hits this kind of orange brown line golden line i'm out i'm not interested and i'll take a small loss loss will be hardly anything probably be about 0.1 sold something like that but if i take profits here i should i should be up a little bit because right now my position if you click on sell now 100 my position is up 0.23 of a soul because remember we bought for one soul so we'll see how it goes. Ideally I wanted two soul but we never got that automatic buy which is okay. Looking at this one we've got the buy the dip order ready again it's looking weak-ish the volume is dropping a bit as well so there is a good chance it will drop back.

Now another level it can drop back if it's very deep is all the way to 100 and remember with all of these drop levels that could have been the forever top we don't know we don't know for 100% sure but the good thing is with this dip buying strategy even if that is the top, the highest it will ever be, you will get a level here, either 200 or 100, where it'll do a little run, might do a 2X or more and then fail. So I can still actually, you know, even at worst break even, but sometimes actually make a really tidy profit there, even if it struggles and it's going to fail anyway. To be honest, some of my best coins aren't the ones that ran to hundreds of millions.

It was trading these new ones that failed eventually, but gave me a good 5X, 10X or even more in these initial stages. So that's why I do like this area of trading. Anywhere from kind of 500,000 market cap to 1 million is really, really fruitful in terms of ROI. And then 1 to 5 million upwards for some better quality coins.

This was the other one I was looking about here. It's called Shiba San. And annoyingly, I had to leave the screen, but this was a really good one because I was watching it here coming down and it did bounce under the 200. Actually, I would have put an automatic 200 buy probably here too. And it's run really well.

So from there from 200, we've gotten at least a 3x there. But again, I'm not in this position But look at the volume below So sometimes it's easier to watch the volume if you zoom out a bit But you can see is actually increasing in volume Which is very bullish and this is gonna go on a good run from here already has done now I'm still open minded about this. So if it do get a healthy pullback, I will be interested But I need to see where the swing high is.

So this So for example here this would be a swing low this would be a swing high this will play it'd be a place where we got the highest high and then it started to break structure. I don't know where this will be yet it could be from here it just depends on what happens with price going forward so we don't know yet. Now note that this is not going through it's because my slippage is too low here so I can change this to four or five click on fast even while it's trying to go through because that one looks like it's going to fail now click on 40 and then click so now it has actually sold. And it's still at the 1.6. So we took some profits there.

Nothing incredible. Took a little bit of profits there. Now let's see. Let's see if it can bounce.

Now let's see. Let's see if it can bounce around 1.5 and run. But again, if it's coming lower down, because as I say, the chart's not looking great, then I'm out of the position. And I might sell a little bit higher as well, just to, again, tie in a little bit of profit. Looking back at this list, I'm going to click refresh, because obviously with the time settings we have, there might be some new ones here as well.

And then I'm going to click on volume, highest to lowest. and see if there's anything else that has come up got this one here as well and an agent one as well so we'll have a look at both this this just this for james and this one is a pump fun coin again now this particular one you just scroll out to a one minute chart and see how it's doing so i had a bounce up 52 000 so i actually got really low in terms of price but then a strong bounce from there so let's open in photon again you you get different trends and clearly this is a trend right now these just this uh coins so That's why it seems to be doing well. Now, from there, by the way, 500 all the way to 500. I'm not surprised there's profit taking.

I mean, that's actually a 10x from there. Seems like the coin has done nothing. But these are the kind of crazy gains you can get if you get in very, very early.

Obviously, I'm clearly a few minutes late to this one. But never mind. Let's click on 15 seconds and let's wait and see how the price develops.

Let's see if there's any others. There's another one I opened, which was this one. This agent's autonomous. So this one looking quite weak here dropped to 60,000 and again remember we have to do all of the other same checks as well I'm just quickly trying to do them all at the same time. So pumpfund coin holders that's a liquidity pool there are some kind of big holders but nothing too bad for such a low market cap coin.

Volume is okay. But then the last five, 10 minutes of volume, not really great. The volume's really died off there. So quick eye on my positions, which I do manually for these new ones.

So I keep an eye on it, even after it's done a dip by. So this particular one, again, looking okay. So this is one, two, three.

This is the fourth lower high here. So looking good. So I think we could run because if you look here as well, we've made some higher highs as well. So that's good so far.

So that was a nice bounce. We needed that 1.5 bounce. We've got that. so it's good but i am 40 out of the position i did take some profit so it's only a smaller position now but let's see if we can get to that profit target there this is the agents anonymous one that we added so let's go to a 30 second chart and let's see what's going on with the dev here dev bought and then there was some insider selling here as well which is always a little bit suspicious so to be careful with that bubble maps like i've said before doesn't always give you the whole picture but again you can just have a quick glance at it just to see the top holders see some of the holders here as well Just quick check to see if it looks bundled.

This is another bot I've used before, Trench Radar Scanner. So you can just copy and paste it into here. So this particular one, you can see here, the same time slot, there was a lot of wallets that bought up a large amount of the supply. So very likely it's bundled. Another large bundling here, so we wouldn't go near it.

And that's the end of that. So this is basically a scam, quote unquote. And this is this one, AA. So we'll see what happens with the price anyway, but that's very likely what's going on with this one. So this one looked like it.

pretty much was gonna run there's some profit taken here and it's again a lot of profit taken again another higher low so let's see what happens it's kind of in between territory now so i don't really know to be honest with you all i know is the volume still dying off so i'll show you that a little bit more clearly you can see that you see that very very clearly that really to get a new pump you need it to get a bit more volume so basically i'm gonna sell just based on that alone so i've made a little bit of profits here nothing special we'll discuss that later you This one's going sideways still looking strong. It's very rare I do what you might call top blasting where sometimes you know the coins look so strong that you don't even wait for a dip you just randomly just ape in and buy. I just don't like to do that anymore. I find even with the better coins there always are dip opportunities and to be honest from a risk reward and trading strategy perspective it's just it's just not smart to get in the habit of doing. You could very easily just buy the top way of the coin lose 40-50 percent and you see you know started you know this with around 10 soul if that dropped to two or three soul the amount of work i would have to do to get that two soul back to 10 i literally have to do a 5x and stuff is a lot so i really don't want to take any big risks where i could lose 70 80 percent of our position it just doesn't make sense the other way you could do it is again if you're a sharper trader i could buy here a smaller dip like at 500 000 we just watch it like a hawk and if it's not immediately pushing off um i i sell quickly This one's bounced even lower now at 1.4.

Just zoom back out. This one's just gathering momentum. So I will do a little top blast here.

So we'll go with two sole. Let's see how it goes. But I'm very quickly going to sell. I don't think this is going to work out.

So I'm going to be ready. So bought two, got my average price there. And I'm keeping a very close eye on this one.

I just think it's past support levels, like 500 and stuff. Usually around here, apart from just this all-time high, which we're right next to, we've not got any immediate resistance. The next resistance is about 900. So I'm taking a calculated risk where I'm top blasting for sure.

I'm basically buying the high, but thinking that is a decent moment to buy the high. And I'm looking at the volume, which with every peak seems to be getting higher, which is a good sign too. So I'm comfortable with my two soul, but I need to be very aggressive with selling, especially taking profits or taking small losses if I need to. So we'll zoom out on this one.

We go to a 15 second and we might even put an automatic sell in place here. So we're looking at so I don't like to do one million. So basically we're going to go with automatic sell less. So I like to go around 940s. So auto sell take profit should be nines, nine, four, three, three.

So another 20 percent from here. Take 50 percent off advance. Let's do 4 percent. so it's a bit tighter yeah now we've got it showing properly so that's good so again good volume coming in let's see if it can tag my take profit or if we get a lot of selling before that which can happen too because again everybody's doing what i'm doing that they're thinking i definitely want to take profits and some people have been in it since a hundred thousand since two hundred thousand so it's a great opportunity for them and because they didn't see any serious selling yet they didn't have to worry about panic selling either so I don't think I need to do anything yet and to be honest if it sold off from here I wouldn't I wouldn't take a sell.

I would hold my position and see if it could build up again because it just wouldn't make sense for such small profit taking it wouldn't make sense. However 940 950 yeah it makes sense take a little bit of profit there. So this one's still making unbelievably four or five higher lows and it's curving around which is a little bit more bullish but again I've not really seen any volume come in. So I'm still going to assume we're just in a range here kind of like that shape so we're still in here now again if we break out this could get very bullish but so this one Again, didn't quite make it.

There's a lot of profit taken, but I will wait. Zoom out to see what the volume's like. Yeah, I'll definitely wait. No problems there with the volume. So let's see if this automatically triggers live.

And you can see here, you can see take profit order's been triggered. And you see it didn't go through the first time. Second time it went through.

So we've sold 1.47 and the rest of the position will hold. And to be honest, it was looking so strong. You know, there's an argument whether I should even have bothered to take some profit.

But yeah, I think still it's sensible, especially if you're new and you just get into grips with this. You've got to look to take profits as you go along. So what position size do we have left here? So we've still got, so if I go on to 100% here, you can see I've still got another 1.4.

So a solo 1.4, so we're nearly like one sole up. Half of it we've taken obviously in profits. And it was a two sole buy-in we had.

You can see the average price there. So if this gets to 1.2, that would be 2x, for example. So now I'm just going to hold and wait.

So now if it pushes through, you can see, you see that that's the full 1 million and just above selling. But again, I'm not particularly worried. Look at look at the large candle there. Just so many people taking profits at the same time.

So it was always going to happen and we are going to get a dip for sure. But again, I have a feeling just with the way it's moving, it might be a shallow dip. And with my remaining position, if we do run now, we're in blue sky territory.

And now it's literally just levels I've discussed. to the 2.5 and if it really ran 5. Now I see very few running to 5 so I'm automatically not thinking it's going to make it there. I'm more thinking where I've seen a lot run recently the 2.5 to 3 area is probably going to top there.

So because I'm not going to be watching this all the time, this screen, what I can do here is again same thing. I can automatically put a cell if we did ever get there. Now the good thing about this one is I don't have to watch the screen. And if it wants to, because I think this is a slightly better meme, price could do all of this and I don't care.

Because I've taken some profits, I've protected my position now, and I can put a stop loss here, which will protect my profits too, which means there's no way I can take a loss on this trade. Now let's do the stop loss first. So how I would do it is have a look here and push the chart up and see where, when we had this range here before, look where all the support was at 500. So there's a good chance if we get some massive dip we'd get support again at 500. Now sometimes we have quick wicks below and then come back up.

So what I would do is I would put the auto sell stop loss a little bit lower, give it a bit of space. So even below 475 I'd put it up by 469 say. So if it drops by 50% from here I'm out of the position 100% sold and we'll leave that for we'll leave that for longer 72. Because if this position drags and I just don't keep an eye on it in the next couple of days I want to make sure that's there so because I don't want to take any losses.

So we'll put Let's say 4% slippage, fast create order, that's there. So that's it, I'm completely secured in this position now, better place to be. Now, automatic sell for take profit, let's do that too. So I would say I'm gonna go with 274. And the reason for that is I think 2.8 and stuff, there's a lot of wick and a lot of pressure selling there as well. So I would rather go for this, sell another 50% of my position because obviously as I get to there, if it ever gets there, the 50% will be worth obviously a lot more.

So I'm happy to take a larger sell. 72 hours, I don't care when it gets there. 4% slippage is fine, fast is fine, create order. So now if it gets there, you see it's a good bit higher up, 50% sell there. I'm perfectly fine with that.

The way it's consolidating around one as well is looking okay. Because if it gets above here, it might drop back to one, but we're still way above my stop loss. So I'm going to give it a chance. And the good thing is, if it sometimes You see coins all the time like I've shown you another one before we looked at it can run to here and then drop All the way back to on to a million but because I put a take profit because I didn't miss this I know I'm gonna take some profits before it comes all the way back down I don't want to just bag hold lose all of those profits all the way down and then get into it So I'll come back to this. I might have to even pause the video and just show you later how this played out Just for curiosity sake.

I just want to bring you back to this one as well Remember I showed you this range. It's still messing about in the range volumes It's dropping, but it looks okay. It's sustaining. Let's call it sustaining volume sideways, which is actually not a bad sign.

It's not dropping even further. There's still some interest. So it's about what to do here.

Now, I'm very careful if I've bought and sold a coin before, especially if I've made a little bit of profit or a small loss on, aping into these again and again. You have to be very careful with that. It's a very common mistake to make, especially if you didn't buy in or you bought in and you sold too early and you see it go up and you FOMO in. So I'm actually... Even if this one runs now, I'm actually not going to just randomly buy in at something that's not a support level.

So at the moment, I believe I'm only in this trade. for now so we had a little bit of trade on the others we're only in this trade and let's see how it goes like i said i can sell all the position now what is it worth now it's worth and so to check you could just click on sell now click on 100 you see this is worth two soul now this position so it's decent so so far like if i sold everything right now would probably be up about 1.5 soul going on to two soul with the other slight profit so not much maybe five hundred dollars something like that it's good stuff and this is how i trade this region because these are the coins that have the volume so these ones that i showed you that you can quickly filter down there's not a lot to look through there's only a few here focus on this region especially if you're newer it's a safer region do you do diligence and checks by the way if you want to go through all of this in a lot more depth i do have my comprehensive meme coin trading program first link in description and there i go into a lot more detail not more technical detail especially and dependent on when you're seeing this video you might still be able to get the extended sale offer there might be a voucher code there too So what I thought might be really good is to recap the trades. This is about 20 or 30 minutes later after the point.

And I'll show you something interesting on this one. On Honey, what I actually did in the end. So I bought and I sold my position, if you remember. And if you remember talking about it at the time, I was expecting a bounce from 1.5, which we did. But then we retested the bounce.

So I got a bit nervous there and took my position and took a little bit of profits. But obviously, in hindsight, that was a bad idea. The problem was the volume was dropping for me and it wasn't committing. It actually came in a little bit later there.

which again is a shame. And also even after we broke out, look at this, I had a dip by set up here at 1.8, which again, we just missed. So it's just one of those things on another day, you know, obviously these trades will work out a lot better, no big deal. But if I stayed in that 1.3-ish position, if you have a look at this going up now, this ran, got to a previous resistance, had a little bit of a sell-off, nothing major, but then went to psychological resistance, which we know to be 5 million. Perfect profit taking.

So if I actually had, I think I only had one soul in the end, but if it ran, it would have made three-ish soul. And if I had two soul here, it would have got five, six soul. And actually even here, to be honest, is looking really good because what are we seeing with the volume?

Volume is high at the moment. So that's really good. So again, like I said, I don't like dipping back into things, but if the opportunity arises and we get a proper sell-off, I might have a look. And now I'd be having a look probably around the 2.5 mil or just the high here. You see this high here?

So around that high, that's how I'd look at it. Again, this is all part of technical analysis, all part of trading. You're not going to trade these perfectly, but I didn't need to be perfect. If I got in anywhere here and sold out the first normal major resistance level at five, that would have been it. But anyway, hindsight, I'll do another live trading video and hopefully on that one, we'll get everything.

Everything will just click. This was the other one. And this was the one weirdly that was actually looking a little bit stronger. But what happened here was if you have a look here above the 1 million level, we got this triple top. Again, the other thing you want to watch out for when you're moving up is we're hitting the same resistance level a few times and then it becomes a very strong resistance level.

We either get a double top, that's two, or triple top, that's three. Again, this is all TA. And then when it pulled down, made the lower highs, then I was out of the position.

I sold some there, sold some there, took some profits. Again, not the best trade in the world, made a little bit, I think barely, maybe 0.7, 0.8 sold, something like that. Even though...

If I'd sold all here, would it be 1.5? But again, you have to hold. You have to see once you're in position, you have to hold and give it time. And if it's not working out, you sell out. Now, will this do another dip?

And is it possible to buy back in here? Possibly. So here, what I would look at is, have a look at the, in one minute, have a look at the volume here.

Where was the previous high? We kind of broke through that 500,000 support level. Because if you remember me saying 500, do you remember I had a stop, original stop below here?

I mean, I sold all out higher up. but my stop was below here but you can see why because look exactly where we bounce 500 500 again we bounce there so it's right to have because we could have bounced there and keep running so it's the right place to put a stop but we failed so my stop even if i left the position open my stop would have just triggered here and i probably would have been about break even on the trade which is no big deal now actually we ran all the way down to 300 000 now if you actually remove the drawings here and we do a price um a range here it's about i think it would be a you about 60% I believe, even more, 786. So actually I'm going to buy back in here on the dip. And the video will be too long, so you'll just have to check yourself and see how this went. But I bought back in here and we'll see. The first area we need to get through is 500. If we get through 500, again, this will be the area on a bounce for profits.

Remember, these are all new coins. So the momentum is within them at the beginning. They will do whatever they need to do and then they will fail, most of them. Some won't fail.

Some will carry on and do big things. So that's one possibility. Another possibility is it carries on, gets to somewhere near here, maybe double top, then fails. And the final possibility is just there's a lower high and then fails. But even in that final possibility, I could trade the bounce here and make a little bit of profit.

With my two soul, maybe make one soul in profit, two soul in profit, and then it can sell off. Let's see how it goes. And this was the other position, the NateBag position where we got in at the dip.

So you don't see the dip buy there, but you can see if I hover over, I bought in up, well, it triggered at 189. So literally perfectly bought the low there. So this particular one, I believe should be up. So if I click on sell here, a hundred percent, we're up to three sold.

And I think it was a two sold buy. So let's see how this one develops. So you can see here at the top, I invested two sold. The remaining is 3.2. So we're up just a little bit.

So it was a nice dip buy in the end. But anyway, let's see how it goes. And the where am I looking for sell targets?

Well, very simple. Definitely 500. You can see that that's where resistance was. Will it even get there? Or is this just a dying coin with lower highs? Not sure.

So if we struggle here, I'll probably sell half the position, take half profits here. But again, we don't know if we'll break through. Having a look at volume very quickly. So go into one minute. See the volume is pretty low.

So to sustain this pump going up, you have to get more volume. Otherwise, I'll just take a sell here. Bank the one, one and a bit Solana and just move on.

Guys, I hope this video was helpful. And if you did find it helpful, please comment below. And I'm more than happy to do more kind of live trading like this, where I just go through my whole thought process as well. Thanks for listening.

Transcript for:Effective Strategies for Trading Meme Coins

Transcript for:
Effective Strategies for Trading Meme Coins