The Ultimate Meme Coin Trading Guide 🚀

We're flipping 1 $SOL to 1000 $SOL

Welcome back to Wealth Vault. In today's edition, we compile a comprehensive meme coin guide. This guide leans heavily towards Solana meme coins, but it is also applicable to other chains like  Base and Ethereum. 

Similarly to what we saw during the 2021 bull run, meme coins are proving to be a major narrative during the 2024 bull run. However, by the time a meme coin becomes mainstream and is listed on CEXs, most of the price discovery has already occurred. 

With this guide, you should be able to catch meme coin plays as they launch on DEXs, profiting before 99% of the market.

What we’ll be looking at:

💎Setting Up a Solana Wallet

💎5 Must-Have Alpha Tools

💎How to Spot and Trade Meme Coins Like a Pro

💎How to Find Good Meme Callers

💎How to Buy

💎When and How to Take Profits

💎Risk Management

💎How to (and Tools to) Avoid Getting Rugged

💎DeFi Insider Guidelines

Let’s get started

💎Setting Up a Solana Wallet

• Install a Solana-compatible wallet like Phantom. Phantom is available as a browser extension for popular web browsers like Chrome, Firefox, and Edge.

  https://phantom.app/

Funding Your Wallet

• You'll need to hold Solana (SOL) tokens in your wallet to conduct transactions.

• Buy SOL on a trusted Exchange and transfer to your Phantom wallet address.

Trading on Raydium

• Go to the "Trade" or "Swap" section on Raydium.

• Alternatively, you can click on the ‘Trade on Raydium’ link on DexScreener or copy the contract address and paste it into Raydium's search field.

•  If you encounter trade errors, try increasing the slippage tolerance.

 Keep in mind that transactions on Solana require paying fees in SOL tokens, so ensure you have a sufficient balance remaining in your wallet after executing trades.

💎 I recommend using a trading bot for faster trades.

Trojan (formerly Unibot on Solana) is good:
https://t.me/achilles_trojanbot.

Set up your wallet, get Solana address and fund it, but make sure its on Solana chain when funding.

Paste contract when you want to buy a coin.

💎5 Must-Have Alpha Tools

Before engaging in active trading, it's essential to equip yourself with a comprehensive set of analysis tools. Each tool serves a unique purpose, contributing to your overall trading strategy.

• Identifying Trending Trading Pairs: @dexscreener 

• Analyzing Token Holders: @bubblemaps, @solscanofficial, and @etherscan. These enable you to examine the distribution of token holders, which can be a useful indicator to gauge a project's health and potential.

• Trading Bots: @MaestroBots and https://t.me/achilles_trojanbot Bots execute trades based on pre-defined strategies, increasing efficiency and reducing emotional decision-making.

• Tracking Smart Money Flows: @zerion,  @alphatracexyz and @CieloFinance. These help you track the movements of whale investors.

💎How to Spot and Trade Meme Coins Like a Pro

We will look at two different but equally effective strategies for identifying early opportunities and evaluating their potential.

I like to start my analysis on DexScreener with a 5-minute candlestick timeframe.

Strategy 1: Targeting Newly Launched Coins with Increasing Volume

• Go to:

https://dexscreener.com/

• and navigate to the "New Pairs" section.

• Filter the list to display only Solana-based tokens by clicking on “Solana” on the left-hand side of the screen.

• Check for trending tokens in the 1-hour and 5-minute timeframes. 

• Sort them by volume and focus on the top-ranking ones with high trading activity.

• Apply additional filters: a liquidity threshold of >20k and a fully diluted value (FDV) of >$85k.

After this initial screening, we now analyze the chart patterns to identify potential buy opportunities:

Here’s what a good entry looks like: