Unveiling the ultimate memecoin guide & strategy 🚀.

We’re flipping 1 $SOL to 1000 $SOL, join the train!

Welcome back to Wealth Vault, in this edition we're taking a deep dive into one of the most vibrant and exciting corners of the crypto universe - the world of Memecoins on $SOL!

Memecoins, in particular, have carved out a unique niche, known for their vibrant communities and often, their wild price fluctuations. But the current inflows of cash on a daily basis can't be ignored.

That's why we've crafted a Complete Guide and Strategy on how to trade Memecoins on the Solana. 

💎 What's Inside?

⎆ A Beginner’s Guide

⎆ Advanced Trading Strategies (with steps and chart examples)

⎆ Take Profit Techniques 

⎆ Risk Management Techniques

⎆ Defi Insider Guidelines

Our guide isn't just a collection of tips and tricks; it's a comprehensive roadmap designed to equip you with the knowledge and strategies needed to navigate this fascinating market.

Let’s get started!

💎 ⎆ A Beginner’s Guide

Most meme coins are traded on a DEX, by the time they get so much recognition and get listed on an exchange it’ll be nearly be impossible to get crazy gains.

Connecting Phantom Wallet to Raydium DEX

1. Setting Up Phantom Wallet

• Download and Install: Download the Phantom wallet. It's available as a browser extension for Chrome, Firefox, and Edge. 

• Create/Import Wallet: After installation, open the extension and set up your wallet. You can either create a new wallet or import an existing one using a seed phrase.

2. Funding Your Wallet

• Add $SOL: Raydium operates on the Solana blockchain, so you need $SOL in your Phantom wallet to trade. You can transfer SOL from an exchange on the Solana chain.

3. Connecting to Raydium

• Access Raydium: Go to the Raydium website (raydium.io).

• Connect Wallet: Select 'Phantom' from the list of available wallets.

4. Trading on Raydium

• Navigate to Trade: On the Raydium interface, find the 'Trade' or 'Swap' section.

• I usually click the trade link from Dexscreener directly, you can also copy the token contract on Dexscreener and paste it in Radium. (It won’t show token name in Radium, but correct token name will appear in your wallet after swapping.)

• If trade errors occur, try increasing your slippage. 

• Transaction and Fees: Be aware of transaction fees in $SOL, so don’t spend all your $SOL.

  

💎 ⎆ Advanced Trading Strategies

I’m going to share 2 strategies on how to identify a good buy opportunity using charts. 

This strategy worked with $ANALOS, $PONKE, $TUZKI and more, which did more than 20x-100x.

I like to use Dexscreener, set candle to 5 minutes.

➽ Strategy #1. The idea is to get into newly launched coins that are getting good volume.

• Head to https://dexscreener.com

• Click on New pairs

• Click on Solana

• Checking trending 1hr & 5min coins

Filter by volume and choose the high-ranking ones.

Liquidity: >20k

FDV: > $85k

That’s the first level of filtering. Now we need to check if the chart is good and worth buying into.

This is what a confirmation of a good entry looks like: