How to Become a Meme Coin Trading Expert? (GMGN Advanced Edition)

Author: Biteye Core Contributor Viee

Before reading this article, please first learn about the introductory article on how to play with Meme coins using GMGN: “Overnight Hundredfold! How to Use GMGN to Play with Meme Coins (Introductory Article)”.

The introductory article mentioned how to find new Meme coins, analyze and filter them, and manually trade, providing some references for newcomers who want to play with Meme coins on-chain.

This article is an advanced guide, mainly focusing on using indicators to filter Meme coins, using websites/Telegram Bots for automatic trading and limit orders, helping everyone further utilize GMGN to improve trading speed and security. GMGN website:

https://gmgn.ai/

0 1. Using GMGN Indicators for Advanced Meme Coin Filtering

In the introductory article, we have analyzed the approach to scanning chains and identifying potential Meme coins, specifically judging whether to buy based on trends, narratives, market capitalization, community, and market dynamics. So how can we quickly scan chains and filter safe tokens from the GMGN token dashboard from an indicator perspective?

Pay attention to the "Sniping New Coins" section at the bottom left of GMGN. After discovering a new token, click to enter the token trading interface for detailed analysis.

First, look at the indicators in the bottom right corner:

Liquidity Pool Size: Ideally, the liquidity pool should be above 100 SOL. Although participating with a value lower than this (like tens of SOL) is possible, it carries higher risks due to the potential impact of large holders. However, also be wary of some scammers using large pools to mislead users.

Real Trading Volume: Observe the real trading volume after the opening. If the number of trades exceeds 60 within 1 minute or 600 within 5 minutes, it indicates that the token is relatively safe. Ensure these trades are real and not artificially inflated.

Mint Permission Revocation: If the project team has revoked the permission to mint additional tokens, it is relatively safe. This means they cannot arbitrarily mint more tokens, reducing the risk of a dump.

Blacklist: Confirm whether the project team has the authority to blacklist any wallet. If "no," it is relatively safe; if "yes," there may be risks, as this means some users might be restricted from selling tokens.

Burning the Pool: Check whether the liquidity pool (LP) has been burned. The higher the burn rate, the lower the risk, as it means the project team cannot withdraw liquidity. A 100% burn indicates that the project team cannot withdraw funds, providing the highest security. If the LP has not been burned, there is about a 60% chance of a "rug pull" (i.e., developers suddenly withdrawing funds). This step is crucial for assessing project safety.

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

Next, look at the holding indicators below the K-line in the middle:

Monitor for Wash Trading: Observe whether there is a wash trading phenomenon; the lower the wash trading ratio, the better. A high ratio may indicate that the project team is manipulating the market, increasing investment risks. It is recommended that the wash trading ratio does not exceed 20%. Ideally, having no wash trading at all is preferable.

Finally, check the indicators above, including social media and sniper metrics:

Analyze Large Holder Sniping: If large holders quickly intervene at the opening while the liquidity pool is shallow, there is a 90% chance that this will lead to a price crash, so caution is needed.

By using the above indicators, you can more effectively filter out safe and potentially profitable Meme coins, reducing risks and increasing success rates.

0 2. Using the GMGN Website for Advanced Trading

After selecting potential tokens, how do you trade? A beginner's tutorial has already detailed the GMGN trading system and simple manual buy/sell operations in the previous article. This advanced tutorial mainly focuses on limit trading and automatic trading.

Enter the token address in the GMGN search box, or directly filter the tokens you think are promising on the GMGN token dashboard, then click to enter the token trading interface.

Bind TG Wallet: On the right side of the token trading interface, click "Bottom Fishing" to switch to the Telegram bot and bind your TG wallet.

Creating Limit Orders on the GMGN Website

Set up the order:

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

Click "Bottom Fishing," then enter the purchase amount, slippage, and anti-squeeze settings.

Create the order: Click "Create Limit Buy Order" to successfully complete the limit order.

Selling with a limit order follows the same process; click "Automatic Sell," enter the quantity, slippage, and anti-squeeze parameters, then click "Create Limit Sell Order" to successfully complete the limit order.

0 3. Using Telegram Bot for Advanced Trading

Compared to website orders, there is a more convenient and faster trading method: using the Telegram Bot. When you send the token contract address to the Telegram bot, it will automatically purchase based on preset conditions or automatically sell the token at preset values without further action. How to achieve this?

First, add the GMGN Telegram Sniping Bot as a friend. https://t.me/GMGNsolbot

1. Using Telegram Bot for Limit Buy

Send Contract: In the TG Sniping Bot, enter /start, select "Buy," and input the token contract address.

Set Up the Order:

After entering the contract, select the "Order" tab.

Set the amount of SOL to purchase; you can customize the amount or use preset values.

Set the trigger price, which can be a specific price or percentage, and choose the order validity period (e.g., 6 hours, 24 hours, 2 days).

Complete the Order: Click "Create Order" to successfully set the limit buy.

2. Using Telegram Bot for Limit Sell

Send Contract: In the TG Sniping Bot, enter /start, select "Sell," and input the token contract address.

Set Up the Order:

After entering the contract, click "Order," and select the "Limit Sell" area.

Set the proportion of the quantity you want to sell; you can also customize the amount or use preset values.

Set the trigger price: set the trigger price, which can be a specific price or percentage, and choose the order validity period (e.g., 6 hours, 24 hours, 2 days).

Complete the Order: Click "Create Order" to successfully set the limit sell.

3. Using Telegram Bot for Automatic Buying

Set Up Automatic Buying:

In the chat, enter /start, then select "Settings" to enter the automatic buying options.

Click "Enable Automatic Buy," and set the SOL amount for each transaction.

Set the minimum amount limit for the token pool to ensure that purchases will only be triggered when the pool exceeds that value. For example, entering 2000 means purchases will only be triggered when the token pool exceeds 2000 USD.

Set the maximum market cap limit to ensure that only tokens with a market cap below that value are purchased; for example, entering 200000 means purchases will only be made when the market cap is less than 200000 USD.

Execute Purchase: Once the setup is complete, send the token contract address to the bot, and it will automatically purchase based on the preset conditions.

4. Using Telegram Bot for Automatic Selling

Set Up Automatic Sell Presets:

In the chat, enter /start, then select "Settings" to enter the automatic sell settings, or directly send /autosell.

Click "Enable Automatic Sell," then add preset limit orders.

Configure 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 quantity to sell (not exceeding 100%).

Take Profit Order: Fill in a positive percentage (e.g., 30% means automatically sell when the price rises by 30%), and it is recommended that all sell quantities add up to 100%.

Execute Sell: Once the configuration is complete, the bot will automatically create stop loss and take profit limit sell orders with a validity period of 24 hours.

0 4. Conclusion

Through these advanced operations, you can efficiently filter, automatically trade, and set limit orders for meme coins using the GMGN platform and Telegram Sniping Bot, thus improving trading speed and efficiency.

It is important to note that all Telegram bots face the issue of private keys being hosted on servers, and the GMGN Bot is no exception, so try not to leave too many funds in the Bot. Once you make a profit, transfer it to an exchange or your own on-chain wallet as soon as possible.

Recently, on-chain activity has been very high, with Bitcoin racing towards 100,000, and the Meme track continues to create wealth myths.

As a newcomer, it is very easy to develop FOMO emotions, which is understandable. However, I would like to remind everyone again that hundreds, thousands, and tens of thousands of Meme coins appear on-chain every day, most of which will go to zero, and the probability of finding a golden dog (with a market cap of tens of millions or over a hundred million) is extremely low, not to mention being listed on major exchanges.

In summary, the higher the returns, the higher the risks; please be responsible for yourself!