Dami-Defi
Dami-Defi

@DamiDefi

14 Tweets 2 reads Jun 11, 2024
Rumors of a potential crypto unban in China are pumping Chinese #memecoins
And degens are printing massive gains
These two bros aped in together and flipped $900 into $150,000+ each
I tracked them; here's how they did it (plus tools for memecoin trading)🧡
When trading memecoins, you will encounter profit more often than not.
But most end up losing that back to the market.
The trick here is to take profit along the way up and always leave a moon bag:
2x- sell 20%
3x- sell 20%
4x- sell 20%
Bookmark this guide.
How to catch next hot pair & narrative:
βŽ† Alpha tools
β€’ Hot coins: @dexscreener
β€’ Holders: @bubblemaps / @solscanofficial / @etherscan
β€’ Bots: @MaestroBots / @TrojanOnSolana
β€’ Tracking: @zerion / @alphatracexyz
β€’ Callers: @Eunicedwong / @notEezzy
βŽ† Finding the hottest pairs
Go to dexscreener.com
- Identify coins with sustained high volume over multiple days.
- Check growing Number of Holders
- Assess TG & Twitter activity
- Assess engagement level of kol shilling
- Liquidity >50k & FDV > $200k
Now, let's circle back to these two bros and the memecoin they aped into.
They both got in right at the launch of $PEIPEI on June 4
β€’ Trader 1 invested $902
β€’ Trader 2 invested $980
Both also went all in with just a single transactionβ€”ape in first, ask questions later.
$PEIPEI came in strong right from launch.
After the two traders entered at $450k Mcap, it pumped to $1M in less than 5 minutes.
By the 2-hour mark, it was already past $2M.
That initial pump before the first major dip sent market cap to $68M.
βŽ† Trader 1
Trader 1 made his first sell txn at the $2M MC levelβ€”a clean 4x.
From there, he continued to DCA out as $PEIPEI pumped.
He made a total of 52 sells with the last txn at the $70M level.
That's over 155x from his entry.
Profit: $158.4k
Here's a summary of the trade:
Bought: $902
Sold: $159.3K
PNL: +$158.4K
βŽ† Trader 2
Trader 2 also knew that memecoins can dip to $0 at any time, so he started taking profits early & aggressively.
His first take-profit level came within the first hour, at the $2M mark (4x).
Like his friend, from there it was just a matter of steadily DCAing out.
As the price breaks major levels, take profit until you're fully out.
His last sell was also at the $70M Mcap level after 50 txns.
He bagged a $153.5k profit.
βŽ† Breaking it down:
Bought: $980
Sold: $154.5K
PNL: +$153.5k
Everything in this thread is my personal view and is not financial advice.
For more alpha threads, my trades, calls & whale wallet tracking: Join our free TG: t.me
I hope you've found this thread helpful.
Follow me @DamiDefi for more.
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