Currently, meme coins are extremely popular. Some are reaching enormous market capitalisations. For the crypto world, this is novel. Chill Guy, one coin, quickly gained popularity. It has a large volume and several holds. Understanding how to exchange these coins is crucial. Now is the moment to participate. With the help of this guide, you can purchase meme coins and potentially earn some cash.

Beginning

You must obtain Solana first. Here’s how:

Get Kraken or Coinbase: You can purchase cryptocurrency using these apps.

Purchase Solana (SOL): To purchase meme coins, you will require SOL.

Get a wallet for Phantom: This is Solana’s digital wallet. Search for it on Google and get it from the online retailer.

SOL can be sent to your wallet. Transfer the Solana to your Phantom wallet from your Coinbase or Kraken account. Your Solana is now prepared for use.

Making Use of a Trading Bot

You then require a trading bot. You can trade meme coins more quickly with the aid of these bots.

Visit Bullox: This trading bot is well-known. The description contains a link. Many merchants make use of it.

Bullox lets you see when new coins will be released. However, how do you decide which to purchase? Tracking wallets are useful in this situation.

Monitoring Wallets

It is crucial to keep track of wallets. You can observe what other traders are purchasing thanks to it.

Employ a Wallet Monitor: The description includes a link to a free wallet tracker. To track wallets, use this.

To begin:

Include Wallets: There are wallets to track in the description. These wallets have a lot of wins.

Verify the win rates: To see how wallets are doing, use Cow Finance. Track their trades and view their winnings.

Why Monitor Wallets?

You can see what profitable traders are doing by tracking wallets. One trader, for instance, made millions in just 30 days. Observing these wallets will teach you what to purchase.

Setting Up a Trading Bot

Now let’s set up your trading bot. You will be able to buy and sell more quickly as a result.

Go to Settings: Find the options for Bullox.

Quick Buy: This makes it possible for you to buy coins fast. Decide how much you want to buy each time.

Modify the Gas Configuration: Petrol fees apply to trades. Choose the right fees to avoid losing money. Copy the proposed cost, then paste it into your settings.

Activate MEV Protection to prevent trading losses. Don’t switch it off.

Set Slippage: Slippage is the degree to which the price may change during a trade. Keep your voice down.

Important Trading Tips

Remember the following important tips when trading meme coins:

Don’t trade alone: Make new friends or join a group on Discord. Trading alone is challenging.

Utilise a Twitter Watcher On Twitter, a lot of new coins are discussed. Observing these coins, early is much easier with a Twitter monitor.

The Significance of These Pointers

Because there are so many coins, trading alone can be challenging. You can find coins more rapidly if you use a Twitter monitor. This has the potential to significantly impact your earnings.

Trading Methods

To get you started, here is a basic trading strategy:

Employ Bloom and Bullox: A trading terminal is called Bullox. Bloom is a bot that facilitates quick purchases.

Keep an eye on your wallet tracking: View the purchases made by the wallets you monitor. Use Bloom’s DeGen Mode to purchase coins immediately after pasting the contract address.

A Trade Example

This is an illustration of how DeGen mode functions:

Look at a Coin: You notice that many wallets you check are purchasing a coin.

Make a copy of the location: The coin’s contract location should be copied.

Put in Bloom: In Bloom, paste the location. It instantly purchases the coin.

When You’re Ready to Sell: Bloom can sell quickly when you want to.

Additional Commands and Tools

Other resources that can assist you in trading meme coins include: /top Traders This program displays a coin’s top traders.

Verify if it’s packaged: Coins in bundles are dangerous. To determine whether a coin is packaged, use tools.

The Significance of These Tools

You can learn more about coins with these tools. They assist you in making wiser trading choices.

Concluding remarks

Although they might be profitable, meme coins can also be dangerous. You can begin trading meme coins and earn some cash by adhering to these instructions. Keep in mind to trade wisely and make money.

Are you prepared to trade meme coins? Launch your Solana wallet now and discover the meme coin trading world!