I Use This Strategy To Find EASY Meme Coin 2X's EVERYDAY

Summary

This video shares an effective strategy for making consistent profits in cryptocurrency trading by focusing on older, trending coins and buying on pullbacks. The approach involves using filters to identify coins with significant potential, setting up buy orders at key Fibonacci levels, and managing risk by selling 60-70% of positions. The strategy emphasizes small, achievable gains through trend-following and disciplined entry and exit points, making it suitable for traders looking to profit regularly without chasing extreme returns. It also suggests leveraging community insights to spot new, promising coins.

Takeaways

• 😀 Use filters to identify older coins with market caps between $250 million and $30 million, which may yield good returns, often 2X or more within a few days.
• 😀 Focus on buying during pullbacks rather than chasing the initial price surge. Look for coins with a significant dip after an upward movement.
• 😀 Set up automatic buy orders at Fibonacci retracement levels (around 61.8%) to catch pullbacks and optimize your entry points.
• 😀 Always set a take-profit target as soon as you enter a trade. A common strategy is to sell 60-70% of your position to lock in profits while keeping some exposure for further gains.
• 😀 Look for coins that are trending or experiencing increased volume, especially those linked to current narratives (e.g., AI-related meme coins).
• 😀 Track older coins that start trending again after a period of inactivity. The strategy works well with established coins that may see a resurgence.
• 😀 Avoid over-filtering and missing potential winners. Keep your filters simple and flexible to discover trending coins.
• 😀 Consider using large community or pump group signals to find trending coins, especially new meme coins with growing momentum.
• 😀 Monitor the market carefully but don’t overstay your position. Always know when to exit to minimize losses if the trend reverses.
• 😀 Consistency is key—focus on smaller, regular gains rather than chasing the next big 100X. This approach helps build a more stable trading account.

Q & A

What is the primary strategy for making consistent gains in crypto trading?

The primary strategy is to focus on older, underrated coins that are beginning to trend again, and to buy during price pullbacks. This approach helps traders make consistent, smaller gains rather than aiming for massive, high-risk returns.

How can traders use screening filters to find promising coins?

Traders should apply filters to find coins with a market cap between $250M and $30M, and an age of at least a few weeks. The filters help in identifying older, stable coins that may start trending again.

Why is buying on a pullback an effective strategy in memecoin trading?

Buying on a pullback allows traders to enter at a lower price point during a price correction after an uptrend. This strategy capitalizes on dips in price while avoiding chasing coins at their peak prices.

What is the role of Fibonacci retracement in identifying buy points?

The Fibonacci retracement, specifically the 61.8% level, helps identify potential buy points during a price dip. Traders measure the distance from the peak to the trough and place buy orders at or near the 61.8% level, which often signals a strong support zone.

What is the suggested take-profit strategy for memecoin traders?

Traders should set a take-profit target based on key resistance levels, typically aiming to sell 60-70% of their position when the coin reaches these levels. This helps lock in profits while maintaining exposure for potential further gains.

How does the market cap filter affect the selection of coins for trading?

The market cap filter helps traders focus on coins with a reasonable level of liquidity and activity. Coins with a market cap above $40,000 are preferred, as those below this threshold are less likely to have the volume needed for profitable trades.

What is the significance of psychological round numbers in crypto trading?

Psychological round numbers, such as $500,000 or $2M, often act as resistance levels, where price tends to bounce back. These levels are key targets for traders when setting entry and exit points.

Why is it important to use automatic buy and sell orders?

Automatic orders allow traders to take advantage of price movements without needing to constantly monitor the market. Setting up limit orders ensures that a trader buys at an optimal price and sells at a predetermined profit level.

How can community call groups help in identifying trending coins?

Community call groups often share contract addresses or names of trending coins in real-time. By copying these and checking them on platforms like Dex Screener, traders can quickly assess the potential for profitable trades.

What’s the advantage of focusing on smaller, consistent gains in crypto trading?

Focusing on smaller, consistent gains helps traders build their accounts steadily, reducing the risk of significant losses. This strategy allows for a more reliable and sustainable approach to trading, rather than chasing volatile, high-risk coins with uncertain outcomes.