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Series of on-chain tools: a step-by-step guide to either multiply or return to zero, find and snipe NewCoin

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Yesterday in the group, I saw some friends discussing investment matters with each other. One friend said: Many people are struggling and losing money. It is better to stay at ease and stick to a few promising fields, such as AI, RWA, GameFi, DePIN will do.

Another friend replied jokingly: I ran out of pants a long time ago, and my underwear is almost gone. So I was naughty and replied: If the pants are gone again, I can only "use my small to make a big difference".

Then, friends who are watching the excitement and don't think it's a big deal asked me to "expand" and talk about how to "use small things to gain big things".

At this time, another friend in the group who is more knowledgeable about how to play Tugou replied: He has earned more than 100 SOL playing Tugou in the past two days. This is called using a small amount to make a big difference. So, the topic returned to the normal track.

In response to the issue of "using small to make a big difference", friends in the group have also given some personal opinions in the past. He said:

1/ Meme is actually an emotion. If you join a few local dog communities, when everyone is FOMO, it will not be a big problem for you to participate at this time. But you need to try your best to find those with high transaction volume and relatively formal project parties. You also need to observe your emotions during the specific participation process and be adaptable.

2/ The most important thing for a local dog is to enter early. When others enter the market, I usually sell all my stocks, so I don’t need to panic. Try not to read the recommendations of big V. These are basically for receiving orders. You must learn to look for yourself, such as which chain the funds are on, first select the chain, and then look for the target. As for how to find it, Dalong’s previous electronic There are also some methods given in the book for reference.

3/ For example, the PUMP that was popular a few days ago (as shown in the picture below), its mechanism determines that as long as the launch is completed, the multiplier will be very high. As for how to discover hot spots like PUMP in advance, this mainly depends on the time you invest and the circle you join. If you are willing to study some new gadgets, you will understand them before others. I usually run to research hot spots as soon as I see them. These experiences are like muscle memory, accumulated from playing every day. Normally, I would also add more friends and join more groups, and then use these circles to learn about the latest things.

4/ Of course, we should also remind you that any information must be judged by your own cognition, and you should not follow what others say. Moreover, when joining a group, try to add as many powerful groups as possible, so that everyone can study together, because no matter how awesome a person is, he will miss a lot of information.

I’ve finished sharing my friends’ views on “using small to make a big difference”. So next, let’s combine the discussion of some partners yesterday and Hua Li Huawai’s previous articles to give you a brief overview of this topic.

In fact, in this field, many newcomers are attracted by various stories of sudden wealth. For example, they heard that someone only used 200 US dollars and made 200,000 US dollars in less than a week, so they are very attracted to it. I believed that I would become such a chosen one, so I joined a certain group, and then started to follow others to fight against the wild dogs. However, most people ended up either being defrauded of all their principal or losing all their principal.

Of course, there are certainly stories of $200 turning into $200,000 in a short period of time, but what you need to know is that the probability is only one in 10,000 (or even lower).

Moreover, many people lose money in the end, but still cannot clearly understand reality and themselves, thinking that the reason why they lose money against earth dogs is bad luck. So I engaged in all kinds of Huabei, Jianbei, and Baitiao to continue to fight against the local dogs. For such a person, perhaps only by constantly losing money can he slowly recognize himself and recognize reality.

Of course, there will also be some more rational people who will not follow the so-called crowd into mindless trading because they can exercise self-control and form some of their own execution strategies.

NOTE: The following strategies are not for all time use, only for the current Meme Season.

The first step is to enter the dexscreener tool platform (similar tools include DEXTools, AVE, etc.), and you will see all the currently popular MemeCoin currencies. Because it is still the meme season, many MemeCoins are very popular. In the past 24 hours alone, the transaction volume of various DEXs on the chain has reached 7.15 billion US dollars (of course, this also includes some Altcoin). As shown below.

The second step is to first determine the chain you want to participate in. Because the Base chain is relatively popular recently, we will take the Base chain as an example here. Directly click the Base button on the left side of the dexscreener platform. In the page that opens, we will see a list of all MemeCoins on the chain that are providing transactions. Through the filter button at the top of the interface, we first do a simple filter, such as selecting New Pairs + 1H (new trading pair + 1 hour). As shown below.

The third step is to continue filtering the liquidity of currency pairs through the filters in the upper right corner. For example, only keep currency pairs with liquidity exceeding $5,000, because if it is too low, there is a risk of running away at any time. The lower the liquidity, the greater the risk. In fact, this is not much different from Gambling. If your risk appetite is not that great, you can set it higher, such as $50,000. As shown below.

The fourth step, through the above filtering steps, we have selected 32 new currency pairs that meet the conditions on the Base chain. Then click the LIQUIDITY button in the interface to sort the liquidity from high to low. As shown below.

The fifth step, the next thing to do is to look at the information of each token. For example, look at their trading volume, number of holders, FDV, etc. Click on the specific token name, and you can also open the details page to see more information, such as transaction details, K-line chart, contract address, official website Official Twitter, etc. We can use this information to have a basic understanding of this token and make some necessary records (notes). As shown below.

The sixth step is to conduct a security check on the selected token contract. Directly copy the contract address of the corresponding token, and then continue to open the TokenSniffer tool platform to check the risk of the contract address. The simplest way to judge is if you check and find that the score (Score) of this token in TokenSniffer is not 100, then I suggest you stay away from the token directly and do not make any investment operations. But if you want to gamble those low-rated tokens, then I can’t stop you. Please make your own decision and participate in a small amount. As shown below.

Another way to judge is if you find in the Liquidity Analysis column of the tool that the liquidity of the corresponding currency pair is relatively high (for example, more than 10 ETH), then this may be a sign of pulling. But you still need to continue to click the BUBBLE MAP button at the top of the tool page to see the step-by-step situation of the wallet. If you find that the steps are uneven, then it is also recommended that you stay away from the coin. As shown below.

And if the liquidity is relatively high and the wallet decentralization is reasonable (that is, there are not a few wallets controlling most of the tokens), then it seems that you can consider adding this coin to the alternative list first.

In addition to TokenSniffer (which currently supports 14 chains, but does not support the Solana chain), Li Hua has also shared some similar tools in his previous articles. For example, if you want to check the token risk on the Solana chain, you can With the help of rugcheck tool platform.

The seventh step is to check the project community (related websites, discussion groups, etc. corresponding to the token). Most people understand that things like MemeCoin are actually more community-driven. Therefore, having an official website that at least looks beautiful, an active X and a TG are all basic conditions. If you don't even have these basic conditions, then just stay away from this coin without making any considerations.

If you are optimistic about this coin yourself, and you have more time and energy, then just join their X and TG to see the activity in them (real activity, rather than relying on the activity of robots, this may You need to make your own judgment). Or you can directly search on the X platform to see if no one is discussing it recently and how popular it is.

Or, we can continue to use some X monitoring tools introduced in Hua Li Huawai's articles, such as using tools like tweetscout to directly enter the X address of the corresponding project for inspection, and then a score can be given. As shown below.

My suggestion here is to use 200 points as an excellent indicator line. If the social score is lower than 200 points, it means that the community of the project is not active and the quality of the activity is relatively poor. At this stage, you need to be cautious in participating or abandon the project first. As for what the platform’s scoring logic is, I don’t know because the website does not give clear algorithm details. In fact, as long as we know how to use some tools, most people probably don't have a technical background, so there is no need to worry about its underlying algorithm. As shown below.

Step eight, conduct sniper trading.

After the above seven steps, in theory, you should have your own list of alternative transactions. If you go back to dexscreener to check the items in your list, you will find that some items are still in the New Pairs + 1H filter dimension. , then don’t hesitate anymore, just buy it directly (small amount operations are still recommended).

But what’s the most effective way to buy it?

We all know that since it is a conflict with the Earth Dog, apart from the Earth Dog itself, the most important thing is this "Chong". How do we understand this word? Simply understood, it means "buying", but I like to divide it into two levels of meaning, one refers to "impulse (brainless buying)" and the other refers to "sprint (quick trading)".

As for impulsiveness, there is nothing to say. At least nine out of ten impulsive people lose money. As for sprinting, we may need to use some telegram bots (trading robots).

Currently, there are actually many telegram bots. The following figure lists some of the most commonly used bots. Different bots support different chains. As shown below.

Here we will give a brief explanation of the Banana Gun:

First, enter the Banana Gun official website, click the Start Trading (button) in the upper right corner of the interface, and click the Register button in the drop-down menu to add the robot and enter the TG chat interface. As shown below.

Secondly, in the chat interface, you can follow the instructions to create a new wallet or import an existing wallet (it is recommended to create a new wallet) and deposit at least 0.1 ETH. Then you can place a trade.

Banana Gun currently supports Auto Sniping or Manual Buying operations. Taking manual buying as an example, you only need to click the Manual Buyer button in the interface, then enter the contract address of the corresponding token in the chat input box and send it. In the new interface that pops up, continue to select the amount you want to buy to complete the transaction. . As shown below.

Of course, the buying operation is only one step. In addition to buying, the most important thing is selling. After you complete the transaction through Banana Gun, you also need to determine your selling target. This depends on whether you are greedy. To put it simply, playing these things may either be ten times a hundred times, or it may be zero. The specific goals need to be set according to your personal risk preference, such as setting it to 5 times, 10 times, 20x, 50x, etc.

After determining your selling target, you need to continue to set up the selling in Banana Gun. Just click the Setup Limit Order button in the interface and enter the price you want the robot to sell for you. . Then just let it happen, either achieve your goals or just wait to get back to zero.

However, if you don’t like to use robots like Banana Gun, that’s okay, because a platform like dexscreener itself is a DEX aggregator, and you can directly perform trading operations in it, or you can also directly use a platform such as OKX Wallet. wallet for transactions. Just choose according to your own usage preferences.

The next thing you have to do is to repeat all the above steps, and then find and trade another NewCoin (new token). Repeat this several times, not only in the use of tools, but maybe you will also gradually form some new ideas and experiences of your own about playing MemeCoin.

You have the fishing rod (tool) and know the fishing method (in theory). You only need to prepare a few hundred dollars for fish food. The rest is up to you whether you can catch fish (big fish). I wish you good luck.

But for this kind of gameplay, I still say the same old saying: It is better to have a method than to follow others without thinking. If you want to play MemeCoin, then it is only recommended to play with a small amount, and hold the zero value at the same time. mentality. Good luck!

At the end of the article, I would like to share some personal opinions posted by some friends in the group yesterday:

Dalong said:

To put it simply, we are currently roughly in the middle of the bull market. Even if you choose to enter the market now, if you have 50% of the position of BTC/Ether to suppress the low position, then you can buy a dozen coins for the remaining position, or heavily position a certain It doesn’t matter whether it’s a coin or not. In fact, it doesn’t matter during the bull market. You can just buy the Altcoin you are optimistic about. Otherwise, you need to be prepared for certain psychological fluctuations. You know, if 50% of the BTC/ether is depressed, and with a little patience, you will at least not lose money after the bull market ends, and this can actually outperform many newcomers.

Mr. Yu said:

Stock up on mainstream currencies in the bull market, BTC has reached the first goal, and part of the position has been sold. The second target will be released in batches according to the market. There are no other ways to make money once and for all. For projects that you are interested in, the simplest and most effective way is to enter the market by yourself, play with a small amount of money, gain experience in making profits, and then slowly increase your investment when you are 70% sure. Big stack, that's all.

Boss Heng said:

1/ At present, our circle is still an incremental market. The BTC will reach new highs in every bull market and will continue to rise for some time. Therefore, everyone must ensure the currency standard, that is, the number of ether in the BTC must be increasing, so that you will actually surpass more than 80% of people. Whether it is a band or buying and selling based on the bull-bear cycle, your operation must be able to make the currency standard growth as the first goal, and leave enough safety space for this goal. If you are not sure, then Just keep buying and don't move until you feel you've made enough before leaving.

2/ If you study carefully, you can actually see many indicators. These indicators can roughly distinguish the bull and bear cycles, and know where you are currently, which can help you buy more coins in the bottom range of the bear market. For example, the lookintobitcoin platform has many practical BTC indicators.

3/ The underlying logic of this field is that retail investors cannot form a joint force. For example, some people take profit at 5 points, some take profit at 20 points, and some take profit at double the price. The banker may originally want to take profit by 3 times, but does not. 3 times they can't get out on their own. But in the process, retail investors kept taking profits. Once they did not take over, the rise would not be sustainable. Some selling orders are bought by new entrants, and some are picked up by dealers. In this way, the dealer's costs and risks will gradually increase. In the end, the dealer may not be able to complete the task of pulling orders, but instead fulfills many retail investors. Made wedding clothes for others. Therefore, there are actions such as collecting funds, washing the market, pulling up, testing, stepping back, etc., to continuously optimize the quality of chips and position holders, and then pull the market.

Okay, we will share the content of this issue here for the time being. This is also the 433rd article updated by Hua Li Huawai. We will continue to bring you more related sharing later. Interested friends can contact us through Hua Li Hua. Check out Li Huawai to learn more.

The data/pictures cited in the text come from some on-chain tool platforms. Partners of Hualihuawai Crypto Mutual Aid and Exchange Group: You can directly view the Notion version of the article synchronized to the group, which contains the corresponding complete data source/citation link.

Note: The above content is only a personal perspective and analysis, and is only used for popular science learning and communication. All projects mentioned in the title or text have no interest relationship with Hua Li Hua, nor do they constitute any investment advice. The crypto market is an extremely high-risk area. Please treat it rationally, increase your awareness of risk prevention, and abide by the relevant laws and regulations of the country and region where you are located!

Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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