Master DEX Screener in 20 Minutes, Transform from Novice to Expert, Surpassing 90% of Newcomers in the Crypto Space

Industry Express
2024-08-08 11:03:53
Collection
99.9% of people use DEX Screener incorrectly.

Author: 0xNobler

Compiled by: HardCore Jun

Except for the simplest way of looking at lines, 99.9% of people use DEX Screener incorrectly. In fact, it is a comprehensive and very powerful perfect tool platform, with too many hidden features yet to be discovered. Using it can help you discover 100x gems ahead of others; you just need to learn how to use it correctly.

1/ Start Scanning New Listings

New LP pairs are the perfect starting point for research.

Click "New Pairs" and set 12H/24H to view new and relatively mature tokens;

You can also set a smaller time range (1 hour/6 hours) to check the latest LP pairs, but usually, there are many rugs, most of which are not worth spending time researching.

2/ Generate Special Filters

To find the most promising gems, you need to use the right filters. Here are the settings I currently use:

Minimum liquidity pool: 10K

MCap/FDV: 20K

Creation time: 12 hours - 48 hours

24-hour trading volume: 30K

3/ Conduct On-Chain Analysis

Find and copy the token's contract address from DEX Screener;

Use @solanasniffer or @Rugcheckxyz to check the contract and ensure it is relatively safe. (Here, the example is for the #solana chain; for #ETH, you also need to find the corresponding smart contract security sniffing website, which can be found via Google.) Depending on the filters you use, it may not be possible to determine if the token is safe, as new tokens may not have locked/burned liquidity, and most of the supply may still be held by multiple wallets, etc. However, you can still check for other obvious danger signals, such as active mint functions, suspicious deployer addresses, etc.

4/ Check the Token's Social Media Presence

Find the "Social" section on the token page of DEX Screener;

Use @TweetScout_io to check their Twitter/X page and see if any KOLs or big names are following them (other projects, influencers, or venture capitalists);

Check other social media and see if the token has an active community. If their social media is active and the community is actively participating in social activities (beta tests, meme contests, giveaways, etc.), this is a good sign.

5/ Save the Tokens You Find

It is rare to find the best return tokens immediately; this is where the watchlist feature comes in handy.

Add the tokens you have researched to your watchlist to save them;

Create multiple lists for different types of tokens;

Go to https://dexscreener.com/watchlist to check and modify your entire watchlist. You can also add tokens directly from there. DEX Screener allows users to use the watchlist without creating an account, but it is highly recommended to log in and save your watchlist in case you want to sync and check it on other devices.

6/ Set Up Price Alerts

Looking for a good buying opportunity? Ready to take profits at a certain price? DEX Screener has built-in and easy-to-use price alerts.

You can set different types of price alerts and write additional notes;

Once the notification reaches its goal, don't forget to edit or delete the notification, as you don't want to be distracted all the time.

7/ Track Multiple Tokens Simultaneously

DEX Screener Multicharts helps you keep an eye on multiple tokens at the same time.

Click on Multicharts and add tokens directly from your watchlist or search by name/contract;

Similar to the watchlist, you can add multiple tabs (categories) and adjust different parameters, such as chart intervals, visible elements, etc.

8/ Track Your Entire Portfolio

You can add your Solana and EVM wallets to DEX Screener's portfolio and track your holdings;

It will automatically hide a small number of assets and can also hide other tokens you do not want to display.

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.
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