Advanced Tutorial on GMGN Meme Coin Tool! Learn these 3 tips to become a trading expert in seconds?

Before reading this article, please first learn the GMGN meme coin entry guide "Earn hundredfold overnight! GMGN meme coin tool Newbie tutorial, teaching you how to trade on-chain step by step".

The beginner's guide mentions how to find new meme coins, analyze and filter them, and manually trade, providing some reference for newcomers who want to play meme coins on-chain.

This article is an advanced guide that focuses on using indicators to filter meme coins, using the website / Telegram Bot for automated trading and limit price Maker, to help everyone further use the GMGN tool and improve trading speed and security.

GMGN URL

01 Advanced Filtering Meme Coin using the GMGN Indicator

In the introductory section, we have already analyzed the scanning chain and judging the potential meme coins. Specifically, we need to judge whether to buy based on hotspots, narratives, Market Cap, community, and market dynamics. So how to quickly scan the chain and filter safe Tokens from the indicator perspective on the GMGN Token board?

Follow GMGN's 'Snipe New Token' section in the lower left corner, click to enter the Token trading interface for detailed analysis after discovering a new Token.

Image source: GMGN

First, look at several indicators in the lower right corner:

Image source: Biteye

Liquidity pool size: Ideally, the Liquidity pool should be above 100 $SOL. Although participation is possible with less (e.g. tens of $SOL), the risk is higher because it is easily influenced by Large Investors' dumping. However, one should also be wary of scammers who use large pools to mislead users.

Number of Real Trades: Observe the number of real trades after the opening. If the number of trades exceeds 60 within 1 minute, or exceeds 600 within 5 minutes, it indicates that the Token is relatively safe. Ensure that these trades are real and not volume brushing.

Mint Permission Drop: If the project party has dropped the permission to issue additional Tokens, it is relatively safe. This means that they cannot increase Tokens arbitrarily, 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 it means that certain users may be restricted from selling Tokens.

Burn Pool: Check if the Liquidity Pool (LP) has been burned. The higher the burn ratio, the lower the risk of the project party withdrawing Liquidity. A 100% burn means the project party cannot withdraw funds, which is the highest level of security. If the LP is not burned, there is about a 60% chance of a "rug pull" (sudden developer fund withdrawal). This step is crucial in determining the security of the project.

Top10 Holdings: Check whether the total holdings of the top 10 token holders are less than 30% of the total supply. If so, it indicates that the token holdings are decentralized, reducing the risk of market manipulation by a single large holder.

Secondly, look at the Holdings indicator below the middle K-line:

Image source: Biteye

Monitoring rat trading: observe whether there is a phenomenon of rat trading, the lower the proportion of rat trading, the better. A high proportion may indicate that the project party is manipulating the market, increasing investment risk. It is recommended that the proportion of rat trading does 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:

Image source: Biteye

Analysis of Large Investors Attack: If there is a rapid intervention of Large Investors at the opening, and the Depth of the liquidity pool is shallow, there is a 90% chance that it will result in a big dump in price, so caution is needed.

By using the above indicators, more secure and potentially profitable meme coins can be filtered out effectively, dropping the risk and increasing success rate.

02 Advanced Trading on GMGN Website

After selecting promising Tokens, how do you trade? The tutorial for newbies has been carefully introduced in the previous article, dealing with the GMGN trading system and simple manual buy / sell operations. This advanced tutorial mainly focuses on Limit Order and automatic trading.

Enter TokenAddress in the GMGN search box, or directly filter the tokens you think have 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 'catch the bottom' to switch to the Telegram bot and bind your TG Wallet.

Image source: Biteye

Create limit maker on the GMGN website

Set Maker:

Return to the GMGN website and click on the bound Wallet.

Click 'catch the bottom', then enter the buy quantity, Slippage, and anti-jamming settings.

Create Maker: Click 'Create Maker Buy' to successfully complete the limit order Maker.

Selling Maker is the same. Click on 'Automatic Sell' and enter the quantity, Slippage, and Anti-Jamming parameters, then click 'Create Maker Sell' to successfully complete the limit Maker.

03 Advanced Trading using Telegram Bot

There is a more convenient and fast way to trade compared to the website Maker: using the Telegram Bot. When you send the Token contract Address to the Telegram bot, the bot will automatically buy or sell the Token according to the default conditions, without any other operations. How to implement it?

First, add the GMGN Telegram sniper robot as a friend.

GMGN Telegram Sniper Bot

Image source: Biteye

1. Use Telegram Bot to place a limit order for buying

Send contract: Enter /start in the TG Sniper Robot, select 'Buy', and enter the token contract Address.

Set Maker: After entering the contract, select the 'Maker' tab.

Set the quantity of $SOL to purchase, you can customize the quantity or use the default value.

Set the trigger price, which can be a specific price or a percentage, and choose the Maker expiration period (such as 6 hours, 24 hours, 2 days).

Completed Maker: Click 'Create Maker' to successfully set a limit buy order.

2. Sell at a limited price using Telegram Bot

Contract Sending: Enter /start in the TG Sniper Robot, select 'Sell', and enter the token contract Address.

Set Maker: After entering the contract, click 'Maker' and select the 'Maker Sell' area.

Set the proportion of the quantity you want to sell, or customize the quantity, or use the default value.

Set trigger price: Set trigger price, which can be a specific price or percentage, and select the validity period of Maker (such as 6 hours, 24 hours, 2 days).

Maker completed: Click 'Create Maker' to successfully set a limit sell order.

3. Use Telegram Bot to automatically buy

Set up automatic buy-in: Type /start in the chat, then choose 'Settings' to enter the automatic buy-in options.

Click on 'Enable Auto Buy' and set the quantity of $SOL for each transaction.

Set the minimum amount limit for the token pool to ensure that automatic purchase will only occur when the pool is greater than this value. For example, entering 2,000 means that the purchase will only be triggered when the token pool exceeds $2,000.

Set the maximum limit for Market Cap to ensure that only Tokens with a Market Cap lower than that value are purchased. For example, entering 200,000 means that the purchase will only be made when the Market Cap is less than $200,000.

Executing Purchase: Once set up, send the token contract Address to the robot, and the robot will automatically proceed with the purchase based on the default conditions.

4. Automatically sell using Telegram Bot

Image source: Biteye

Set the default value for automatic selling: Enter /start in the chat, then select 'Settings' to enter the automatic selling settings, or directly send /autosell.

Click 'Enable Auto Sell', then add the default Maker.

Set up stop loss and take profit orders:

Stop Loss Order: Fill in a negative percentage (e.g., -30% means automatically sell when the price drops by 30%), and set the proportion of the selling quantity (not exceeding 100%).

Take-profit order: Fill in a positive percentage (e.g., 30% means automatically sell when the price rises by 30%), it is recommended that the total quantity of sales adds up to 100%.

Execute sell: Once the configuration is complete, 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 efficiently filter meme coins, automate trading, and limit price Maker operations using the GMGN platform and Telegram sniper bot to improve trading speed and efficiency.

It is important to note that all Telegram bots face the issue of the Private Key being server-hosted, and the GMGN Bot is no exception. Therefore, try not to put too many bullets in the bot, and transfer the earnings to the exchange or your on-chain Wallet as early as possible.

Recently, the on-chain activity has been high, and BTC is on its way to 100,000, while the meme race is also constantly creating wealth myths.

As a Newbie, it is very easy to have the fear of missing out emotion, I can understand. But I would like to remind everyone again that memes coins with hundreds of thousands or even millions of on-chain transactions appear every day, and most of them will go to zero. The probability of reaching a market capitalization of tens of thousands or more (k/above 100 million) is extremely low, not to mention listing on a large exchange.

In short, the higher the profit, the higher the risk. Please take responsibility for yourself!

【Disclaimer】There are risks in the market, and investment needs to be cautious. This article does not constitute investment advice, and users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their specific situation. It is self-responsible to invest based on this.

This article is authorized to be reproduced from: "Foresight News"

Original author: Biteye Core contributor Viee

The article 'GMGN Meme Coin Tools Advanced Tutorial! Learn these 3 tricks to become a trading expert in seconds?' was first published in 'encryption city'.