Author: Biteye Core Contributor Viee
Editor: Biteye Core Contributor Crush
Before reading this article, please first learn GMGN to master the introductory episode of "How to Play with Meme Coins (Introductory Episode)"《Overnight 100x! How to Use GMGN to Play with Meme Coins (Introductory Episode)》.
The introductory episode mentioned how to find new Meme coins, analyze and filter them, and manually trade them, providing a certain reference for new players who want to play Meme coins on the chain.
This article is an advanced episode, mainly focusing on using indicators to filter Meme coins, using websites/Telegram Bots for automatic trading and limit order placement, helping everyone further use the GMGN tool to improve trading speed and security.
01 Using GMGN Indicators for Advanced Meme Coin Filtering
In the introductory episode, we have already analyzed the scanning of the chain and the thinking of judging the potential Meme coins, which should be based on hot spots, narratives, market capitalization, community, and market dynamics to determine whether to buy. So how to quickly scan the chain and filter safe tokens from the indicator perspective on the GMGN token dashboard?
Pay attention to the "Snipe New Coins" section in the lower left corner of GMGN, and after discovering a new token, click to enter the token trading interface for detailed analysis.
First, look at the indicators in the lower right corner:
Liquidity pool size: Ideally, the liquidity pool should be above 100 SOL. Although a smaller value (such as tens of SOL) can also be participated in, the risk is higher because it is easily affected by whales' dumping. However, also beware of some scammers using large pools to mislead users.
Real transaction count: Observe the real transaction count after the opening. If the transaction count exceeds 60 within 1 minute or 600 within 5 minutes, the token is relatively safe. Ensure that these transactions are real and not wash trading.
Mint permission revoked: If the project party has revoked the token issuance permission, it is relatively safe. This means they cannot arbitrarily issue new tokens, thereby reducing the risk of dumping.
Blacklist: Confirm whether the project party has the right to blacklist any wallet. If "No", it is relatively safe; if "Yes", there may be risks, because this means that some users may be restricted from selling tokens.
Liquidity pool burn: Check if the liquidity pool (LP) has been burned. The higher the burn ratio, the more it means that the project party cannot withdraw the liquidity, and the lower the risk. 100% burn means the project party cannot withdraw funds, with the highest security. If the LP has not been burned, there is about a 60% chance of a "rug pull" (i.e., the developers suddenly withdraw the funds). This step is the key to judging the security of the project.
Top 10 holdings: Observe whether the total holdings of the top 10 holders are less than 30% of the total supply. If so, it means that the token holding is dispersed, reducing the risk of a single large holder manipulating the market.
Next, look at the holding indicators below the K-line:
Monitor the rat race: Observe whether there is a rat race phenomenon, and the lower the rat race ratio, the better. A high ratio may indicate that the project party is manipulating the market, increasing investment risk. It is recommended that the rat race ratio does not exceed 20%. If there is no rat race at all, it is usually a more ideal situation.
Finally, check the indicators above, including social media and snipers:
Analyze whale sniping: If there are whales quickly entering at the opening, and the liquidity pool depth is shallow, in this case, there is a 90% chance that it will lead to a price crash, so caution is needed.
Through the above indicators, you can more effectively filter out Meme coins with security and investment potential, reduce risks, and improve success rates.
02 Advanced Trading Using the GMGN Website
After selecting the potential tokens, how to trade? The tutorial for beginners has already carefully introduced the GMGN trading system and simple manual buy/sell operations in the previous article. This advanced tutorial mainly focuses on limit orders and automated trading.
Enter the token address in the GMGN search box, or directly filter the tokens you think have potential on the GMGN token dashboard, and then click to enter the token trading interface.
Bind Telegram wallet: On the right side of the token trading interface, click "Buy the Dips", go to the Telegram bot, and bind your Telegram wallet.
Use the GMGN website to create limit orders
Set up orders:
Return to the GMGN website and click on the bound wallet.
Click "Buy the Dips", then enter the buy amount, slippage, and anti-sandwich settings.
Create an order: Click "Create Buy Order" to successfully complete the limit buy order.
Selling with limit orders is similar, click "Auto Sell", enter the amount, slippage, and anti-sandwich parameters, click "Create Sell Order" to successfully complete the limit sell order.
03 Advanced Trading Using the Telegram Bot
Compared to website limit orders, there is another more convenient and faster trading method: using the Telegram Bot. When you send the token contract address to the Telegram bot, the bot will automatically make purchases or sell the tokens according to the preset conditions, without the need for any other operations. How to achieve this?
First, add the GMGN Telegram Sniper Bot as a friend.
https://t.me/GMGN_sol_bot
1. Use Telegram Bot for Limit Buy
Send contract: In the TG Sniper Bot, enter /start, select "Buy", and enter the token contract address.
Set up order:
After entering the contract, select the "Order" tab.
Set the amount of SOL to purchase, you can customize the amount or use the preset value.
Set the trigger price, which can be a specific price or percentage, and select the order validity period (such as 6 hours, 24 hours, 2 days).
Complete the order: Click "Create Order" to successfully set up the limit buy order.
2. Use Telegram Bot for Limit Sell
Send contract: In the TG Sniper Bot, enter /start, select "Sell", and enter the token contract address.
Set up order:
After entering the contract, click "Order", and select the "Sell Order" area.
Set the percentage of tokens you want to sell, you can also customize the amount or use the preset value.
Set the trigger price: Set the trigger price, which can be a specific price or percentage, and select the order validity period (such as 6 hours, 24 hours, 2 days).
Complete the order: Click "Create Order" to successfully set up the limit sell order.
3. Use Telegram Bot for Automatic Buy
Set up auto buy:
In the chat, enter /start, then select "Settings" to enter the auto buy options.
Click "Enable Auto Buy" and set the SOL amount for each transaction.
Set the minimum amount limit for the token pool, ensuring that automatic buying will only be triggered when the pool exceeds this value. For example, enter 2000 to indicate that automatic buying will only be triggered when the token pool exceeds $2,000.
Set the maximum market cap limit, ensuring that only tokens with a market cap less than this value will be bought. For example, enter 200,000 to indicate that only tokens with a market cap less than $200,000 will be bought.
Execute the purchase: Once the setup is complete, send the token contract address to the bot, and the bot will automatically make the purchase based on the preset conditions.
4. Use Telegram Bot for Automatic Sell
Set up auto sell presets:
In the chat, enter /start, then select "Settings" to enter the auto sell settings, or directly send /autosell.
Click "Enable Auto Sell", then add preset orders.
Configure stop-loss and take-profit orders:
- Stop-loss order: Fill in a negative percentage (e.g., -30% means automatically sell when the price drops 30%), and set the proportion of the sell quantity (not exceeding 100%).
- Take-profit order: Fill in a positive percentage (e.g., 30% means automatically sell when the price rises 30%), and it is recommended that the total sell quantity add up to 100%.
- Execute sell: Once configured, the bot will automatically create valid 24-hour take-profit and stop-loss limit sell orders.
04 Summary
Through these advanced operations, you can efficiently screen, auto-trade, and place limit orders for meme coins using the GMGN platform and Telegram sniper bot, thereby improving trading speed and efficiency.
It should be noted that all Telegram bots face the problem of private keys being hosted on the server, and the GMGN Bot is no exception, so it is best not to put too many bullets in the Bot, and you can transfer the money you earn to the exchange or your own on-chain wallet as soon as possible.
The on-chain activity has been very high recently, and Bit is on its way to $100,000, and the meme track is also constantly staging the myth of wealth creation.
As a beginner, it is very easy to develop FOMO emotions, which is understandable. But I would like to remind you again that thousands and tens of thousands of meme coins appear on the chain every day, most of which will go to zero, and the probability of a large MC meme coin (market cap of tens of millions/hundreds of millions) is extremely low, let alone listing on major exchanges.
In short, the higher the return, the higher the risk, so please be responsible for yourself!
