13 Tweets 11 reads Jun 03, 2024
Dexscreener is the easiest tool for finding hidden gems!
You need to know how to use it properly.
🧡: These secrets will help you discover memecoins with potential 5-100x gains.
Many think the season for meme coins is over, but they're mistaken. Every day, people are making returns from 5x to 500x on memecoins, and it's not just luck.
To ensure you can do the same, you must know how to use @dexscreener.
I'll show you how to use it.
To save time, you should focus on 3 networks: SOL, ETH, and BASE, as they have the highest volumes and most hype.
Go to Dexscreener, click on "Filters," then "All Platforms," and deselect all networks
except for SOL, ETH, and BASE.
New Pairs
Suppose we want to focus on just one network, like Solana, which is currently seeing significant trading volumes and has an active community.
We select the Solana network on Dexscreener and search for appealing coins that could potentially be hidden gems.
Selection Criteria
Go to the filters and start setting the criteria.
- Liquidity threshold: $10-15k
- Market Cap range: $50k - $1M
- Max pair age: 24-72 hours
- Minimum 24-hour buys: 40-50
- Minimum 24-hour sells: 30-40
- Minimum transactions in 5 minutes: 10-20
In-Depth Analysis
Conduct thorough research to discern whether a coin is junk or a hidden gem.
Look into the MC, FDV, transaction data, and the presence of notable token holders, traders, and liquidity providers.
This approach will help you make informed decisions.
Once you've selected a specific coin, conduct a more detailed analysis.
Check the activity on social media
Confirm whether the liquidity is locked
Assess the 5-min trading volumeβ€”at least $10,000.
Apply these filters to identify scam tokens or no
Multicharts
Over time, you'll learn to monitor not just 1 coin, but multiple coins simultaneously.
Multicharts is a feature that allows you to add and track several coins that interest you, significantly simplifying your workflow.
Another crucial factor is to set up price alerts, it's not always possible to monitor the optimal price point on your own.
Using alerts might sound simple, but they're truly effective. They help you quickly identify the entry points you've set for yourself.
Overall, that's about it. With experience, you'll start to understand more quickly which coins suit your trading style and which ones are scams and should be avoided.
Be careful and don't rush your selections. Keep trying, and you'll succeed.
I hope you've found this thread helpful.
Follow me @KingWilliamDefi for more.
Like/Repost the quote below if you can:

Loading suggestions...