Making Thousands On Meme Coins Using DEXSCREENER [Full Tutorial For Beginners Solana]

this is a DEX [Music] screener.in all of the important kind of buttons and navigation and then I'm going to show you the best bits of data you need when making buying and selling decisions Dex screener is a platform that automatically picks up new launches of meme coins on most blockchains but not all of them so let me show you some of the blockchains here so if you come here on the main page if you click on the uh logo there this is literally what you'll see you'll see the trending tokens at the moment you probably see an ad on the top click on filters here on the right hand side when you click on the platforms you can actually see which ones are included so a lot of different platforms not all of them but a lot now most of these platforms you don't want to go anywhere near because there's no volume volume is what moves markets um in in in any kind of Market in definitely within cryptocurrency and more so within memec coins the main ones tend to be ethereum salana uh binance and Avalanche they tend to be the main ones also you get a little bit of of arbitrum as well Etc but we're not going to talk about that today we're going to focus on salana cuz that's one of the best ones when it comes to buying and selling because you can maximize your profit and there's a lot of volume on this chain so for example if you click it now and click save we will only see all of those collections that are on salana and if you see for/ soul that means the meme coin on salana the first four in terms of letters that's basically the ticker symbol so that's the symbol it's almost like a stock trading symbol for that particular meme coin and then the actual name is the one you see on the right so for example gme is the ticker and the name is GameStop and this is one of the most popular ones and for/ soul means it's on the salana blockchain whereas we have lots of different blockchains as mentioned already on the left hand side here we have watch list alerts multi- charts new pairs gainers and losers portfolio news and to be honest a lot of these I don't use the main ones I use are new pairs sometimes I have a watch list if there's stuff I'm still watching um but you know in the moment I just open new tabs to be honest with you for all of the collections that I'm watching right now I find that easier because then you get a nice big chart but if you wanted to you click on multi- charts here and then what you can do is you can add for example I had some of these open the other day and I can click on a new chart and then I can add whichever one I want so for example gme I can type in here and then click on the first one and then I can add the chart for gme which is here on the right I find it's not that useful because the charts are too small and also if you're that amazing that you can literally in real time trade three or four different um meme coins at the same time for example during an initial phase of launch then you don't need to be watching my tutorial you're just too amazing but I don't know anybody any human being who can really do that because you have to be so quick with your trades that really only concentrating on one collection I highly recommend and unless you're doing a wave three strategy where it's longer term uh buys and sells that you're doing you're just generally investing hoping to hold for hours to days but if you're trading live like I do a lot where I'm looking to flip within 15 minutes I don't want to be watching two collections because suddenly I'm I'm I I take my eye off it and one of them collapses one of them goes up really high and I forget to take profits so multi charts I don't tend to use that much gainers and losers same as a kind of trending here but they set their own filters at the top so you can click here on losers for example and you'll find the ones that are dipping the most and you can see they separate it by 5 minute time frame 1 hour 6 hour 24 hour I don't tend to mess about with these much uh either I basically just want to find a particular coin that might be interesting like GameStop and it doesn't matter how I set the filters to find it I'm I just end up finding the same thing it's only once I open that in a new tab that my analysis really starts so how do you find these coins where that's not that difficult you just click on new pairs and you'll see that they're launching all the time just sort by age here and you'll see the new ones launching to the old ones this is pretty much everything that's launched today anything that are rugs or scams are usually not on this list anymore and there are a lot of rugs and scams and if you want to filter by the most recent ones click on age here and click on less than one hour and then you literally get stuff that's launched seconds ago so that would be the fastest way to do it now if you want to over filter and only let's say you're looking for a wave three setup so basically this is a more established meme coin that's been doing well for 12 to 24 hours and you want to see if it kicks on to like 10 million 20 million it's already at 0.5 million something like that so all you need to do here is we'll forget about age so we could do 24 hours which is fine um but we can start messing about with liquidity because we want to a collection that has a a bit of a market cap so it has a good pool of liquidity so we want to go over 50 for liquidity and then we can filter again and add the platform salana we click here on salana for example click apply and then then we can see them and you can see there's not that many to pick so these are all hopefully half decent collections even in these there'll be the odd scam collection and it's easy to spot those when you just look on the chart but anyway let's let's open one or two of these so we can we can learn more so this one's called cross socks Croc socks sorry um Crocs was a very popular one recently so they're just playing off that almost like a derivative I can see here they don't have socials in the top right and the liquidity is not locked so I'm already nervous about this collection so I would kind of walk away from that um if I'm having a look further down here let me see if there's anything else so let's open a couple of these see if any actual legitimate collection this looks legitimate it's got lock liquidity uh well it says 87% so they still have to burn some but generally lock liquidity it's got the social on the top right and this is Wall Street bet salana so it looks like it launched today actually about H about 7 hours ago 6 7 hours ago changed this to Market capup you can see the price and even the dollars you can change to salana if you want to I prefer to do dollars and I prefer to do market cap because then it's easy round numbers in general so I find now that it's in market cap and dollars uh I can see a lot better I prefer to put the volume at the bottom if you want to add indicators it's very easy to do so all you do is you go here at the top where it says FX or it might say indicators if yours is zoomed in a little bit and then you can actually choose and you can choose from all of these indicators because Tech screener uses trading view charts which I use all the time finding very very useful so pick whichever indicator you like and you're comfortable with and I've just added volume here so simple volume so you can find it there and just click on it and then it add it below volume really important when it comes to mcoin trading so make sure you learn about that by the way if you enjoying the video uh please hit the like button is really good for me to know which kind of videos are useful for you all so here let's just navigate the rest of the page so here in the top right we've seen the ticker again we see the name at the top and if we click these three dots we can actually move away the Side bar which I usually do when Once I'm on the chart once I've summarized this information these the price in USD like this 0.00 we never care about this price in sold we never care about liquidity I don't really care about I just glance at it to see whether it's worthwhile even having a lookout so if this is like liquidity 1,000 or lower I'm not interested and also if I don't see the green lock sign I'm generally not interested even though there are times I dgen into trades but that's because I almost know that they're not going to rug The Collection yet until it gets to a certain level I know it sounds bad but basically you can still make money even before these idiots um uh rug but anyway market cap is here and this is a number people talk about all the time when they're like oh GameStop got to 80 million in market cap this is the number they're talking about that's the aggregate kind of figure value of the collection now if you look lower you can see here 5 minute 1 hour 6 hour 24 hour trending don't usually mess about with these three I like the 5 minute one cuz I don't want the volume to drop too low so it's a good way for me to check quickly that yes the volume in the last 5 minutes has 20,000 that's not bad but look at the bars at the bottom they're going down don't like that because then the price usually tends to go down as well we want to see the volume bars picking up or at least staying the same that's just a little trading tip there scroll down if you click on watch list I can actually add this to my main watch list now so you can label your watch list if you want to so you just click here and then it adds same for alerts you can actually enable uh alerts if you want to I never usually mess about without cuz like I said if I'm interested in collection and it's shortterm I'm interested I do my trade it takes 15 20 minutes maybe half an hour or a little bit longer and then I close the chart because I'm I don't care anymore so I've already closed my position maybe I've made a small loss maybe a small win maybe I've made a massive win on the trade who knows with that's the next step here if you click on trade on radium and then I click on the open a new browser this will literally open it into radium and here on radium I can actually place a trade I can just confirm that I'm happy with this particular address and then it will add it and then we can place a trade now most most salana collections especially the liquidity pool they create is on radium anyway so most of them will be able to trade on radium some you can trade on Jupiter but not all and then sometimes other exchanges as well if the collection gets a lot bigger scroll down there's usually add on the right here so you ignore that these are the contract addresses for the pair for the actual contract itself and then uh burn addresses and things like that as well all here if you want to search for the ticket you click on search on Twitter not useful now because we've got their Twitter account anyway but if they didn't have their socials here in the top right I like to search on Twitter by clicking on this it will search for the ticker just to see if people have mentioned it maybe this company they didn't want to pay the $300 to advertise here their Social Links in the top right hand corner so that's why it's good for you to check if you don't see that there here you can see a rocket symbol red flag symbol I ignore these sometimes I click one of these by mistake so obviously if I'm clicking these by mistake um you can't really go on them and usually in the telegram groups they just ask everybody in any collection to just go ahead and click the Rock button if it's a good collection or not so this is just kind of a waste of time don't don't bother with any of those They Don't Really warn you of anything if I pull this up I can see trades real time so this is literally somebody's just spent $263 a few seconds ago buying and usually if you see a lot of buys coming in of large values then the price usually will pump I can filter all of these this is why I love deck screen it's so easy I can literally filter by clicking on USD and I only want the collections over $100 I like to do that because I only want to see big ones here I don't want to see every single person buying for like pennies or cents not interested in that because that not going to make any difference price however if here suddenly somebody buys for a th000 like 2 minutes ago or they sell for like um well I'm trying to find a big transaction here but maybe they sell a 3,000 or $4,000 worth that's significant you're going to see a sell off and very likely this red candle here there would have been a lot of selling there large amounts you can see the amount in Soul as well sometimes useful uh but again I I stick to US Dollars personally um and then you can actually see their wallet addresses here now if you want to see all of their transactions what I do sometimes is I hover over it first so I can see what they bought and sold by the way this is a bot so this one you can see where they've done 151 transactions what they are doing more than likely is buying and selling every single minute the exact same amount so $600 $500 $600 and they're doing that to keep volume in the collection and sometimes this is is nice because it gets you on the trending tab on the top a very Advanced little bit of information I'm sharing with you but yeah there you go um not a lot of people know that either so sometimes they will just run um these Bots or it could be somebody manual as well literally sit in there buy 500 sell 500 buy 500 sell 500 so that wallet doesn't really gain or lose or make any profit or lose anything they're just doing loads and loads of transactions is's another one 300 nobody does 375 transactions and exactly breaks even and unless they're doing this type of thing that's what's going on so there's a couple of wallets that are doing that here which is kind of you you don't really want to see too much of that in a collection a little bit fine but you don't want to see too much of that but again I'm digressing let's get back to the point so here you can see if if somebody's made profit here let's scroll down and see if anybody sold for a little bit of profit that's another um not really probably not recently cuz obviously the price has been dipp in but if you do see somebody with a lower profit you can what you can do is you can actually click on the icon here to the right almost like an upside down funnel or something and then it will only show that wallet's transactions but what's really cool is it marks them on the charts so you can see where they've been buying and selling and the best sellers and I like to include myself in that the best buyers and sellers what we do is obviously we buy the lows we buy early and stuff like that but you won't see with my wallet you'll see a buy you won't just see a random sell somewhere high up you'll see me selling throughout all the way up cuz I don't know where this is going to top out I have my targets and stuff along the way where it could keep pumping so I sell little bits throughout cuz that's actually mathematically the best way for me to protect my position and maximize my profits if I I don't sell along the way and I I just wait to get those massive numbers this could dump on me any second I could lose all my profits don't want that we want to gradually sell throughout we'll get less Roi that way but over 100 future trades this is going to be the best for me and it's going to protect my trading account so you'll see the best Traders with something like that they'll buy low low and then they'll sell all the way up on a pump this particular Trader this is kind of random clueless buying and selling if I'm honest anyway let's go further down so we can click on the icon again and click clear and then that disappears and we go back to our normal thing but remember I've still got that USD filter of $100 now looking on the left here nothing else interesting on this side so that's pretty much all of the chart so what we could do is we can actually move this out the way now we can hide sidebar and then we can expand the chart and we can click on right remove drawings but if you want to draw you click the paint brush and then you can actually start drawing on it you can draw a horizontal line click this one and click on horizontal line and you can mark off important levels like 800,000 stuff like that when you take an entry position into here you can even Mark where you took your entry position in case you lose track so if you see price kind of coming back to there and you're a bit nervous and stuff and you want to get out for Break Even or small loss you can absolutely do that too you have all those options obviously here on the top left you can change time Fram I prefer when I'm doing sniping to do a 1 second time frame and the reason for that I've discussed on my videos is because even within a second or a few seconds the price can move hundreds of thousands in market cap which you have to be very careful about because you might be overpaying by 30% or um selling out 30% less than you could have sold out for now 30% yes on Meme coins may not be that much but over like 100 hundreds of thousands of Trades that's literally a lot of money you could be uh losing or gaining if you know what you're doing I briefly mentioned it before but basically across the top you've got the trading trending sorry Collections and it's a lot of the usual names and to be honest the trending collections I don't really go near because either they're already done in terms of pump or the ROI is just so small now that it's not even worth doing for example hodle was very popular recently but probably still is but you can see yeah it's kind of is gone now it's kind of sold off um and I I doubt to be honest there'll be any any kind of pump here and stuff I I drew this line here cuz I was having a look why was I having a look because sometimes I have this other strategy it's called an exhaustion trade and basically sometimes when when a collection's been absolutely battered down um you get a lot of people selling selling selling and then the selling gets exhausted and then you get a pump and if this I've got my line here if this drops to 1 million I will be looking for certain technical signs these are my own personal ones I've come up with again after watching hundreds and hundreds of charts and what I'm looking for if I see those if I see those signs not guarantee that'll happen but if I see those sometimes you can get a nice little bounce to like 3 or 4 mil and then it kind of dies off anyway but this little bounce doesn't look like much but 1 to 4 mil is like a 3X now if you go back on the chart here when thing things were pumping and everybody was buying hair really excited uh 10 mil um so let's say even here like at 7 m right so you could call that a nice dip you're buying the dip and then it topped out what 14 to 16 mil so that looks like an amazing trade you bought the dip and stuff like that but that's only a 2X uh best you know in between all of the Wicks and stuff and then you had to quickly sell because it was about to collapse but weirdly my trade when the price is completely died um people are thinking why the hell would you want to trade in here the The Collection is completely destroyed but if I get into profit quickly and I I watch it live on a second shot so it quickly gets into profit then I know I'm you know the pressure is off I can hold and wait and see what happens and if he gets a tiny little pump I only need a tiny pump and I've made a 3X which is actually a lot more than people were making late into this pump it's all about Roi it's all about the the market cap number going from one number to the next number one million in market cap going to 10 million market cap so some of these massive collections that we see all the time people talking about like dog with hat and stuff um yeah they're great collections I'm not saying I'm bearish like people are like oh why you so bearish I'm not bearish on it at all it could go up but why would I want to buy something at 230 market cap and see it go to 300 million market cap which is an amazing move for that collection but in terms of RI it might only be making me 20 or 30% for like a 1.3 X why would I be interested in that where I could easily um uh Deen into these collections basically where I could make three 3x 4X 5x 10x so I hope that makes sense it's all about Roi in this game and the good thing about this compared to dog with hat I might be waiting days or months with dog with P but with some of these I could wait like an hour or two and I could have completed my flip it's an easy as that obviously here on the top left you want to search for any collection that you've heard about you can type it into here if you know the name or you can literally copy and paste the contract address into here as well and it'll quickly find that for you hope these tips help my comprehensive program when it comes to mem conin trading is the first link in the description below if you're interested thanks for listening

Channel: Sajad

Views: 130,096

Keywords: meme coins, trade meme coins, trade meme coins dex, dexscreener, dextools, memcoins, meme coin, solana meme coins

Id: 0dyq6GwzPRY

Length: 18min 31sec (1111 seconds)

Published: Sat Feb 03 2024