How to find your first 10x Meme Coin on SOLANA

Disclaimer: The opinions are from the author of the original article and have nothing to do with me. The article is for reference only. Please distinguish the authenticity by yourself. Do not follow the trend and bear the risk at your own risk.
Original translation: https://medium.com/@crypto_hawk/how-to-snipe-solana-meme-coins-on-launch-40498e48976d

1. Visit DexScreener.com

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  • Navigate to DexScreener.com^[1], your portal to explore the latest meme tokens released on the Solana blockchain.
  
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  • The platform provides valuable insights into new projects and allows you to evaluate their potential for significant returns.
  

2. Set filters

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  • Click on the Solana chain and select "New Pairing" to follow recently released coins.
  

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  • Choose a time frame of the last 5 minutes to prioritize the latest projects.
  

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  • Rank coins by trading volume to identify those with the most trading activity, which typically indicates increased interest and growth potential.
  

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  • Filter out low-volume tokens by setting a minimum liquidity threshold (usually around 1,000).
  

3. Analyze chart patterns

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  • Pay close attention to the chart patterns of listed meme coins to gauge their performance and potential.
  
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  • Look for charts that show a steady upward trend with occasional fluctuations, indicating healthy growth.
  
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  • Avoid buying coins with volatile price fluctuations as they may signal higher risk and potential pullbacks.
  

4. Assess trading volume and market capitalization

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  • Evaluate each token’s 5-minute trading volume to determine its trading activity relative to market cap.
  
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  • A coin with higher trading volume compared to its market cap is often seen as a bullish indicator, indicating growing investor interest.
  
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  • Be cautious with tokens with extremely low market caps as they may lack sufficient liquidity and stability, thereby increasing the risk of loss.
  

5. Identify promising opportunities

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  • Look for meme coins with strong chart patterns, high trading volume, and reasonable market caps.
  
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  • Priority is given to projects that demonstrate exponential growth potential based on their technology and fundamental attributes.
  
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  • Always exercise caution and conduct thorough research before investing in any meme coin, as the market can be volatile and unpredictable.
  

6. Reduce risk

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  • Please be aware of the inherent risks associated with investing in meme coins, including the possibility of price pulls and sudden price fluctuations.
  
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  • Using Birdeye.so^[2]andRugCheck.xyz^[3]Tools such as Check the Token’s Profile and Risk Analysis.
  
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  • Consider taking profits early to take advantage of the initial price surge, especially for newer and riskier projects.
  
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  • Stay informed about market trends, project developments, and community sentiment to make informed investment decisions.
  

7. Use Trojan Bot to make quick purchases

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  • Visit Trojan on Solana here^[4]
  
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  • Set up your wallet and settings.
  
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  • Click the “Buy” button and paste the token’s contract address to buy quickly and securely.
  

in conclusion

Reference link