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

This article is an advanced guide, mainly focusing on using indicators to filter memes, using website/Telegram Bot for automatic trading and limit maker, helping everyone further use the GMGN tool to improve trading speed and security.

GMGN website:

0****1 Use the GMGN indicator to advanced screen Meme coins

In the introductory article, we have analyzed the process of scanning the chain and determining the potential of Meme coins. Specifically, we need to assess the hot topics, narratives, market capitalization, community, and market dynamics to decide whether to buy. So, how can we quickly scan the chain and filter safe tokens from an indicator perspective on the GMGNToken dashboard?

followGMGNIn the lower left corner, when you discover a new Token in the "Sniper New Coin" section, click to enter the Token trading interface for detailed analysis.

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

Size of the Liquidity Pool: Ideally, the Liquidity Pool should be above 100 SOL. Although participation with less than this value (such as a few tens of SOL) is possible, the risk is higher as it is easily influenced by Large Investors dumping. However, one should also be alert to some scammers using a large pool to mislead users.

Real trading volume: Observe the real trading volume after the opening. If the number of transactions exceeds 60 within 1 minute, or exceeds 600 within 5 minutes, then the Token is relatively safe. Ensure that these transactions are real and not inflated.

Mint permission drop: If the project party has dropped the permission to mint Token, it is relatively safe. This means that they cannot arbitrarily mint Token, thus 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.

Pool Burning: Check if the Liquidity Pool (LP) has been burned. The higher the burn ratio, the lower the risk of the project party being unable to withdraw Liquidity, with 100% burn indicating the highest level of safety as the project party cannot withdraw funds. 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 critical in assessing the security of the project.

Top10Holdings: Observe whether the total Holdings of the top 10 holders is less than 30% of the total supply. If so, it indicates that the Token holdings are diversified, reducing the risk of market manipulation by a single Large Investor.

Next, look at the Holdings indicator below the Candlestick in the middle:

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

Analysis of Large Investors Sniper: If there are Large Investors quickly entering the market at the opening, and the Depth of the liquidity pool is shallow, there is a 90% chance that it will cause a big dump in price, so caution is needed.

Through the above indicators, Meme coins with safety and investment potential can be more effectively screened, dropping risks and increasing success rate.

0****2 Advanced Trading on the GMGN Website

After selecting promising Tokens, how do you trade? A tutorial for newbies has been carefully introduced in the previous article explaining the GMGN trading system and simple manual buying/selling operations. This advanced tutorial mainly revolves around Limit Order and automatic trading.

Enter TokenAddress in the GMGN search box, or filter the Token you think has potential directly on the GMGN Token board, and click to enter the Token trading interface.

Bind TGWallet: On the right side of the Token trading interface, click "catch the bottom", go to the Telegram bot and bind your TGWallet.

Create limit price Maker on the GMGN website

Set Maker:

Go back to the GMGN website and click on the bound Wallet.

Click "catch the bottom", then enter the purchase quantity, Slippage and anti-pinch settings.

Create Maker: Click on "Create Maker Buy" to successfully place a limit price Maker order.

The process is the same for Maker sell orders. Click 'Automatically Sell', enter the quantity, Slippage, and anti-jamming parameters, click 'Create Maker Sell Order', and successfully complete the limit Maker order.

0****3 Use Telegram Bot Advanced Trading

Compared to trading on the website, there is a more convenient and faster way to trade: 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 preset conditions, without any other operations. How does it work?

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

1. Place a limit order to buy using Telegram Bot.

Contract Deployment: Enter /start in the TG sniper robot, select "Buy," and enter the Token contract Address.

Set Maker:

After entering the contract, select the "Maker" tag.

Set the quantity of SOL to be purchased, you can customize the quantity or use preset values.

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

Maker completed: Click 'Create Maker' to successfully set a limit price for buying.

2. Sell using Telegram Bot at a limit price.

Send Contract: Enter /start in the TG sniper robot, select 'Sell', and enter the Token contract Address.

Set Maker:

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

Set Trigger Price: Setting a trigger price can be a specific price or a percentage, and select the Maker's expiration period (such as 6 hours, 24 hours, 2 days).

Maker completion: Click 'Create Maker' to successfully set a limit price for selling.

3. Use Telegram Bot to buy automatically

Set automatic buy-in:

Enter /start in the chat, and then select 'Settings' to enter the automatic buy option.

Click '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 be triggered when the pool exceeds this value. For example, entering 2000 means that the purchase will only be triggered when the token pool exceeds $2000.

Set the maximum limit for Market Cap to ensure only Tokens with a Market Cap lower than that value are purchased. For example, entering 200000 means that Tokens will only be purchased when the Market Cap is less than $200,000.

Purchase Execution: Once the setup is completed, send the Token contract Address to the bot, and the bot will automatically execute the purchase based on the preset conditions.

4. Automatic Selling with Telegram Bot

Set automatic selling preset value:

Enter /start in the chat, then choose 'Settings' to enter the automatic selling settings, or directly send /autosell.

Click 'Enable Auto Sell' and then add preset Makers.

Set up stop loss and take profit orders:

Stop-loss order: Fill in a negative percentage (e.g., -30% indicates automatic selling when the price falls by 30%), and set the proportion of the selling quantity (not exceeding 100%).

Take profit order: Fill in a positive percentage (e.g., 30% represents automatically selling when the price pumps 30%), and it is recommended that the total selling quantity adds up to 100%.

Place sell order: Once the configuration is completed, the trading bot will automatically create take profit and stop loss limit sell orders with a validity period of 24 hours.

0****4 Summary

Through these advanced operations, you can efficiently use the GMGN platform and the Telegram sniper bot to filter, automate trading, and limit price Maker operations for memes, thereby improving trading speed and efficiency.

It is important to note that all Telegram bots face the issue of the Private Key being server-hosted, and GMGN Bot is no exception, so try not to put too many bullets in the Bot. When you make money, you can transfer it to an exchange or your on-chain Wallet as early as possible.

Recently, the on-chain activity is very high, BTC is heading towards 100,000, and the Meme track is also constantly creating wealth myths.

As a Newbie, it's very easy to develop the fear of missing out, I understand. But I want to remind everyone again that hundreds, thousands, or even tens of thousands of memes will appear on-chain every day, and most of them will drop to zero. The probability of achieving a market capitalization of tens of millions or even billions is extremely low, not to mention getting listed on a major exchange.

In short, the higher the return, the higher the risk. Please be responsible for yourself!