The introductory chapter mentioned how to find new Meme coins, analyze and filter, and trade manually, providing some reference for newcomers who want to play Meme coins on the chain.
This article is an advanced chapter, mainly focusing on using indicators to filter Meme coins, using websites/Telegram Bots for automatic trading and limit orders, to help everyone further use the GMGN tool to improve transaction speed and security.
GMGN website:
https://gmgn.ai/
01 Use GMGN indicators to screen Meme coins
In the introduction, we have analyzed the idea of scanning the chain and judging the potential Meme coins. Specifically, we need to judge whether to buy based on hot spots, narratives, market capitalization, community and market dynamics. So how to quickly scan the chain and screen safe tokens in the GMGN token dashboard from the perspective of indicators?
Pay attention to the "Sniper New Coins" section in the lower left corner of GMGN. After discovering new tokens, 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 it is possible to participate with less than this value (such as dozens of SOL), the risk is higher because it is easily affected by the dumping of large investors. However, we should also be wary of some scammers who use large pools to mislead users.
Real number of transactions:Observe the real number of transactions after the opening. If the number of transactions exceeds 60 in 1 minute, or exceeds 600 in 5 minutes, it means that the token is relatively safe. Make sure these transactions are real and not fake.
Mint permission discarded:If the project party has discarded the permission to issue additional tokens, it is relatively safe. This means that they cannot issue additional tokens at will, which reduces the risk of market crashes.
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 it means that some users may be restricted from selling tokens.
Burning pool:Check whether the liquidity pool (LP) has been burned. The higher the burn ratio, the lower the risk. 100% burn means that the project party cannot withdraw funds, which is the highest security. If the LP is not burned, there is about a 60% chance that a "rug pull" will occur (i.e., the developer suddenly withdraws funds). This step is the key to judging the security of the project.
Top10 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 holdings of tokens are dispersed, reducing the risk of a single large holder manipulating the market.
Secondly, look at the holding indicator below the middle K line:
Monitoring rat trading:Observe whether there is a rat trading phenomenon. The lower the rat trading ratio, the better. A high ratio may indicate that the project party is manipulating the market, increasing investment risks. It is recommended that the rat trading ratio should not exceed 20%. If there is no rat trading at all, it is usually a more ideal situation.
Finally, check the indicators above, including social media and snipers:
Analysis of large-scale sniping:If a large-scale investor intervenes quickly at the opening, and the depth of the liquidity pool is shallow, there is a 90% probability that the price will plummet in this case, so caution is needed.
Through the above indicators, it is possible to more effectively screen out Meme coins that are safe and have investment potential, reduce risks and increase success rates.
02 Advanced Trading Using GMGN Website
After selecting a potential token, how do you trade? The tutorial for novices has already introduced the GMGN trading system in detail in the previous article, as well as simple manual buy/sell operations. This advanced tutorial mainly focuses on limit trading and automatic trading.
Enter the token address in the GMGN search box, or directly select the token you think has potential on the GMGN token board, and click to enter the token trading interface.
Bind TG wallet: On the right side of the token trading interface, click "Bottom Picking", go to the Telegram robot and bind your TG wallet.
Use the GMGN website to create a limit order
Set the order:
Return to the GMGN website and click on the bound wallet.
Click "Bottom Picking" and enter the purchase quantity, slippage and anti-pinch settings.
Create an order: Click "Create an order to buy" to successfully complete the limit order.
The same is true for the order to sell. Click "Auto Sell" to enter the quantity, slippage and anti-pinch parameters, click "Create an order to sell", and successfully complete the limit order.
03 Use Telegram Bot for Advanced Trading
Compared to placing orders on the website, there is a more convenient and faster way to trade: using Telegram Bot.When you send the token contract address to the Telegram robot, the robot will automatically purchase according to the preset conditions, or automatically sell the tokens at the preset value without any other operations. How to achieve it?
First, add the GMGN Telegram sniper robot as a friend.
https://t.me/GMGN_sol_bot
1. Use Telegram Bot to limit buy
Send contract:In the TG sniper robot, enter /start, select "Buy", and enter the token contract address.
Set an order:
After entering the contract, select the "Order" tab.
Set the amount of SOL to be purchased. 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 validity period of the order (such as 6 hours, 24 hours, 2 days).
Complete the order:Click "Create an order" to successfully set a limit buy.
2. Use Telegram Bot to sell at a limit price
Send the contract:In the TG sniper robot, enter /start, select "sell", and enter the token contract address.
Set pending order:
After entering the contract, click "Pending Order" and select the "Pending Order Selling" area.
Set the quantity ratio you want to sell, or you can customize the quantity or use the preset value.
Set the trigger price: Set the trigger price, which can be a specific price or percentage, and select the validity period of the pending order (such as 6 hours, 24 hours, 2 days).
Complete the pending order:Click "Create pending order" to successfully set the limit price to sell.
3. Use Telegram Bot to buy automatically
Set up automatic buying:
Type /start in the chat, then select "Settings" to enter the automatic buying options.
Click "Turn on automatic buying" and set the amount of SOL for each transaction.
Set the minimum amount limit for the token pool to ensure that automatic buying will only occur when the pool is greater than this value. For example, entering 2000 means that the purchase will be triggered only when the token pool exceeds $2000.
Set the maximum limit of market value to ensure that only tokens with a market value lower than this value are purchased. For example, enter 200000 to indicate that the market value will only be bought when it is less than 200000 USD.
Execute the purchase:Once the settings are completed, send the token contract address to the robot, and the robot will automatically purchase according to the preset conditions.
4. Use Telegram Bot to sell automatically
Set the automatic selling preset value:
Type /start in the chat, then select "Settings" to enter the automatic selling settings, or directly send /autosell.
Click "Turn on Auto Sell" and add a preset pending order.
Configure Stop Loss and Take Profit Orders:
Stop Loss Order: Fill in a negative percentage (for example, -30% means automatically sell when the price drops 30%), and set the ratio of the sell quantity (not exceeding 100%).
Take Profit Order: Fill in a positive percentage (for example, 30% means automatically sell when the price rises 30%), and it is recommended that all sell quantities add up to 100%.
Execute Sell: Once configured, the robot will automatically create Take Profit and Stop Loss Limit Sell orders with a validity period of 24 hours.
04 Summary
Through these advanced operations, you can use the GMGN platform and Telegram sniper robot to efficiently screen meme coins, automatically trade, and place limit orders, thereby improving transaction speed and efficiency.
It should be noted that all Telegram bots face the problem of private keys being hosted on the server, and GMGN Bot is no exception, so try not to put too many bullets in the Bot. If you make money, you can transfer it to the exchange or your own on-chain wallet as soon as possible.
The on-chain activity has been very high recently. Bitcoin is on the road to 100,000, and the Meme track is also constantly creating wealth myths.
As a novice, it is very easy to have FOMO emotions, which is understandable. But I would like to remind you again that there will be hundreds of thousands of Meme coins on the chain every day, and most of them will return to zero. The probability of running out of the Golden Dog (market value of tens of millions/hundreds of millions or more) is extremely low, not to mention being listed on a large exchange.
In short, the higher the return, the higher the risk, please be responsible for yourself!
Recently, on-chain traffic has exploded, trading mascot concept coins have skyrocketed by 60,000%, and DeSci narratives have emerged. Meme coins have become the biggest dark horse in this bull market!
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