Barni
464 posts
Heyy
If you're new to Memecoins, or want to get started,
Here's a good tip 👇🏻
1-3 sol and bid size should be 0.01 to 0.1 MAX until you know what you are doing
sizing has nothing to do with your skill and should only be increased once you are profitable
people love to psyop themselves into thinking that using more money will make them a better trader, but it just causes them to lose it all
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Everything is risky, every trade, every asset.
But risk is quite relative and you can create your own luck in any game.
Without having insider knowledge on coins, without having to dev any coin…
>> Here’s how I manage to grow my memecoin portfolio.:
Firstly, I don’t have Elons’ notification turned on or neither am I chronically online to catch momentum plays… please I am a father of 10 (just kidding).
I have 2 wallets for the purpose of trenching (2 different strategies):
1) First wallet: All the trades I take here are solely based on retracements.
As a matter of fact, this strategy gives me 70-80% WR, of course it’s a boring style of trading memes but (not so slow) if your timing is right.
I have got a pretty decent TA skill, so I simply watch out for plays that has got a lot of people talking (attention)… wait for a 70 -80% drop in price, whether this happens within 24hrs or 3days after. (NB: I am not bound to only target this percent drop and go all in immediately)
It has to fit this criteria:
- Valid Order block (I go as far as checking the 5mins TF , even 1min in rare cases).
- FIB level (0.786)
- Accumulations, rather than catching a falling knife kind of candle.
- Top holders % ranging between 18-23%.
> Anyone saying TA doesn’t work on memecoins, is just terrible at it or simply just bad at identifying patterns and are ignorant about it.
Also, my profit taking style here is quick, I take out my capital between 50% -100% move, then take 80% profit after moving a bit more and leave a moonbag if I think that coin has room for more.
If the trade is a bad one, I cut my loss between 20-30% and look for the next play, I don’t trade on hopium here… it’s either I get it right or I don’t.
2) Second wallet: All the trades I take here are based on frontrunning a meta or buying a beta play.
Coins I buy in this wallet are usually around 10k - 50k mc, and are most times assumed to be dead.
It usually requires alot of patience and the RR here can be quite huge, especially if you hit a jackpot with your findings.
Whenever a coin performs, well in the past, I add it to my watchlist for the future, incase attention shifts to that meta again.
For educational purpose, I will give you an example:
- When @a1lon9 was off social media, I knew that the very moment he makes a post, the coin $19 would pump, because that number is attached to him and Pumpfun is known to make important announcements specifically on the 19th of a month… adding to the fact that people hoped he would come back with an airdrop announcement.
That’s simply frontrunning.
CZ has similar effect on $4 too.
- Another example, catching a beta, the famous penguin coin…after hitting crazy figures. I had to check for coins that fit in to the narrative (“mountain”, “but why”)… they fit in perfectly, so I aped.
For beta plays, if it isn’t below $50k mc, I am not touching it… because they are traded simply as copium plays and everyone wants to front run each other when selling, so I have the lowest greed appetite here.
Anyways that’s it.
Hopefully this helps you.
You can also check my daily DEGEN checklist for insight in the image.
Don’t fall for the propaganda that Degen profitability is based on luck, identifying patterns quickly is a skill and it’s all the doge you need.
IZU 🦉@izu_crypt
If you have less than $10k… The fastest way to grow your port in this current market conditions is to dive into the solana memecoin trenches. Bet smol, stack cash.
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Barni retweetledi
OUR DOG$!
Over the last month, CBP K9s Fuzz and Cigy helped @Dulles_Airport officers sniff out over $171K in undeclared currency. Unreported cash is often tied to illicit activity; identifying it protects our financial systems and national security.
➡️ go.dhs.gov/wAc
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this account is a testnet MON faucet now
reply with your Phantom username and @monad_xyz will send you some tokens
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