How To Make $500 Per Day Trading Memecoins - LIVE Tutorial

when you trade in meme coins there are many many different strategies you can use literally hundreds but there are only a few of them that actually work and that you can repeat and consistently make profits with now remember with mcoin trading you're not going to make money every single day it's over the long term over a week period or over a month period can you be profitable that's the aim and I'm going to show you a couple of strategies I use these are especially good if you're on a limited trading budget and this video is

going to be quite technical so let's get started and just before we start make sure to hit that subscribe button and notification Bell so you don't miss any strategy videos like this because the mem coin trading world is constantly changing so sometimes our strategies need to change with it as well so for this I'm going to use Dex screener because it's just the simplest easiest free software that you can use and it's very easy for the majority of people to understand so when you come to Dex screen.com just click on the logo in the top

left now we get a whole set of different uh meme coins here listed old ones new ones ones on different blockchains and we just want to focus on a particular strategy here which is salana mem coins and this is a buy the dip wave one strategy which I'm about to show you so click here on filters on the top right now on all platforms click on that then click on salana click save now click the gray box here on the right and click on radium as the deck to use click save again now I only

want to look at brand new launches so we're going to put a maximum age here of 2 hours we're not going to put anything as a minimum market cap now it's very very rare I see any coin do well after dipping all the way back to like 20 30 40,000 very rare so we're going to set this on the higher side so we're going to put 65,000 so it's already di below 65,000 I'm not really interested next thing we're just going to add one more filter which is volume and again this is mainly just to

take out some of the the scam Bots and uh scam uh launches so basically on 24-hour volume here we which obviously includes even if it's a brand new launch it will include all of the volume and basically here you can put a minimum of let's say 40,000 uh dollars and we're going to do a few other things as well but I'll show you why in just a minute so first of all just click on apply there now here what you want to do is then click on has profile so that means it already has logo

name everything and this is all been updated on Deck screen ideally as well so you can see the list there is not very long but now you're seeing stuff that's just launched was already at 800 or 900 million Market C obviously those of you who've been trading for a while will know these as a scam just by the market capup alone nothing reaches that market capup so quickly secondly you'll know is a scam because of the chart nothing Rises straight up to 600 within a second and then slowly Trends up like that with no organic

dips and buys but again an easier way to do that just to save time is when you click on filter just put a maximum Market cup like nothing should be over let's say 50 million even if that but let's just put 50 for now click apply so you see now a very short list now most of these we're going to want to look at so click on new profile again and you you'll see it's literally just five8 exactly 10 perfect so it's 10 coins that we're looking at and like I said it's going to get

a little bit technical we're going to have a look at the price charts and we're going to look at why we buy and sell in certain positions for this video ignore the 5 minute 1 hour 6 hour 25 that that doesn't matter at all it's the charts that we're focusing on because these are brand new launches the six if the brand new launches the 6 hour change obviously doesn't matter at all anyway CU they're only maximum 2 hours okay okay so now we're going to open these we'll open the top three first so first thing

you want to do when you open these coins is because we have time we have time to place our trades is to check is it a scam or not and this one obviously is for for many reasons but just show you a couple of them very quickly so first of all nothing goes up just in a straight line like that uh beginning all the way up to 16 million it's going to go like this anyway that's just from the chart next thing if you scroll down here on the right hand side and you actually have

a look at the contract address you'll see it doesn't end in pump so it's not a pump fun coin mostly we want to trade pump fun coins anyway but even then uh by the way ignore this like where it says audit and stuff like that this is all nearly always wrong so just ignore all of this stuff the other thing you can see here is this is um the liquidity is not being burnt here so that's an issue as well now compared to when I first started trading mem coins there's so many tools and Bots

and web apps you can use now to help you for example this one's called Soul scanner and you can find here at soulcore scanner Orbot and with this one all you do is completely free to use is a telegram bot you just copy and paste the contract address and when I did it for this one B Pepe I can see immediately there's a high holder and 0% a burn these are the two red flag signs so this is one that you would never ever go near but again if you're brand new you won't know this

stuff so make sure you're using these tools to check so so many problems with this so obviously this is a scam so we won't trade this one next we've got another one here this is called honey uh soul and remember we haven't even looked at any socials yet let me just refresh the page just to see if they've paid for deck screener on the right hand side which I can't see yet and also let me have a look here at the contract address you can see this one is a pump fund coin so that's good

so it's a legit coin I don't need to look at whether it's been burnt and stuff like that but you can already see the liquidity and the green sign there anyway for reassurance now is this one is the Dex paid it's very easy to check on this website this is called cheex doxyz and you just need to copy and paste the address here so again if you go back on the coin scroll down and just copy and paste contract address so you can do that from here and click copy paste it into here check deck

screen are paid and and this particular one has been paid it's just not being updated which is sometimes an opportunity by the way before we pump before it's obvious that it's showing now let's get technical now this particular one I don't need to spend ages going through all of these socials and stuff like that I I can just tell just by looking at it it says just this for honey so it's playing on that kind of peanut narrative uh and stuff like that so so that's perfectly fine but if you want to we can search

it on Twitter you can see some random comments apparently loads of whales are buying and stuff like that obviously ignore all of that but you get a bit more information about the uh actual coin itself which is fine so yeah reasonable enough now let's have a look at the chart so we're on a one minute chart here and when you have a look at this you can see that from 100,000 which is where it reached the um radium liquidity pool it's about 100,000 it went straight up to 500 and then pull back to 200 so

it's very very strong out of the blocks in fact on a one second chart you'll be able to see even better so let me zoom in and show you that you can see there around the 500,000 mark it kind of oscillated around that some dips there and then it moved actually very very quickly moved very quickly up all the way to around 1 million Mark pychological level as a lot of you will know and then we had a pull back almost exactly to 500,000 so so far so good and from 500 we ran again all

the way up to just over 2 million the next level had a pull back to 1.3 and then up to 2.7 so kind of in between trading there so let's Zoom back out to a one minute and all in all that that's where we saw the top around 3 million which nowadays on pump Pon coins tends to be quite a common uh kind of take-profit Target and we had a pull back all the way up to 1.5 round level it didn't hold we had a push-up again and now we're selling off so all we need

to work out as a Trader where is our next opportunity here to buy let's say this coin recovers and pushes up again cu the volume is very good you can see 11 million in volume so no issues there so the next logical level where we might see a pullback the next uh round levels anyway are we know 1 million is a level and we know underneath there 500,000 is a level so these are the round number levels that we know about the other thing we want to consider is price range levels most pullbacks when it

comes to mean coins they happen at important FIB levels so let me just show you on a a fresh area here so basically it's the 3825 and 618 they're the most common ones for a Sharp pullback if you're getting a very very deep pullback you can get 786 but generally what you want to think about is around 5050 to 6 % is a pullback so this kind of range here and how we can use that is we can go back onto the chart here click here on where it says price range take the price range

from the top I wouldn't uh count that Wick so I'd count the top at around 3 million and pull down and I can see that the 60% level comes in at around nearly 1 million just above and the 50% comes at around 1.45 1.5 which actually we've gone through now so when we've gone through a level you can ignore that level for now cuz that obviously that wasn't a level that we bounced at we pushed through so the next one I'm looking at is the 60618 level which is nearly exactly 1 million so if I'm

trading this which I which I will be doing actually I'll be looking at 1 million level so how do you trade this now when we get down here to the 1 million area is not going to be perfect you're never going to perfectly get a trade I really don't want it to go to 1.05 bounce and go to 2 million and I have a buy order set at 1.01 if that makes sense so I'm going to open up um some Trading software so for this example we use Photon and I funded a fresh wallet it's

got about 9.7 Soul so combined with another wallet I have is showing us 10 soul in the top right at the moment so let's just call it 10 I've searched for the token here in the top bar and this is the token and it's called honey and we can get onto a smaller time frame here we can get onto 15sec charts which is very very useful you can see it's actually getting a nice bounce here around 1.3 but again I'm going to wait and be patient another way I can trade this is let's say this

is the bounce cuz we never know you know nothing's 100% perfect with this what we look for is a pushup break of previous structure break of the previous High pull back at a higher low and then we go now if we get that set up then I'm interested as well so I'll just literally watch it manually and I'll do a manual trade meaning I'll literally um watch the chart and then decide okay I want to buy here and with this type of trade for me for my RIS tolerance I'll probably put a couple of soul

on this anywhere from 2 to 5 soul but if you're brand new you'll be looking at a lot less .1 to.5 so maximum all depends obviously on your experience and your trading budget and portfolio and your knowhow when it comes to this in terms of strategies you tried before so we talked about pullback we talked about percentage we talked about psychological levels the other thing is when you look left and right there are support and resistance levels and if we draw a horizontal line here we can see where previous highs were so our previous all-time

high here for example was at 1.2 so we need to note that as well when we're considering a Buy trade so it's possible price could bounce there and the other significant ones are obviously higher up like 2.2 and we've got 2.8 million so if we ever did push up those might be bounce levels as well so this is something called Confluence Confluence is when you get loads and loads of different things giving you the same potential area where you could get a bounce so I've seen loads of different things here so that's why I'm definitely

looking at the 1.1 maybe even 1.1 to the 1.2 level now so we just have to be patient and wait for that like I said unless we get very strong price action here and a deep pullback because then we can enter the trade from there too so that's why I'm keeping an eye on so we'll come back to this coin we'll see how it develops but in the meantime let's put a buy order anyway so let's click on buy the dip this is an automatic order and with this particular one I want to set up

a two salana buy order and I can actually type in here the market capup I want to buy at so to make sure it triggers we're going to go with 1.2 uh also so 1.21 something like that so if the market cap drops from here where it is right now by 25% it will trigger the trade which I'm happy with expire in 24 hours let's put a little bit less 6 hours because after 6 hours you know if the price is messing about here and it's it's dying off I'm not interested to be honest I'll

put even lower I'll put like two or three hours so I can monitor it because then after that I'm not going to care and I'd rather it removes this automatic order advanced settings click on here and we're going to set higher slippage so we're going get something like 5 or 6% and we're going to keep the me protection we're going to keep our fast cuz I really do want to make sure my trade goes through problem with secure is is better um in terms of not getting front run but sometimes your trade doesn't always go

through so we'll keep this actually we'll put this at five and we'll keep this as create order here and you can see if I remove the drawings here that's the buy the dip level so I've got that right there so I've got the dip level board now like I said if it pulls all the way down we're ready to buy and if we buy and we jump in and we're in the position remember I said this is a range so if it's going to dip it could be anywhere between here and probably 950k this is

a region not going to get this stuff perfect so if it does come back in here I don't mind holding a bit of a loss and seeing if it reverses and I can always put a stop loss a little bit further down let's see if it makes it through here cuz this is an important resistance level now a level that was previous support here so it's going to be hard to push through but if it does push through this and then we get support on that level then it's a lot more bullish so let's see

if it gets through this is the technical side to mcoin trading and obviously it takes a while to learn as well but with practice with looking through enough charts obviously watching a lot of my videos as well because I do get quite technical in in the mcoin trading videos um you'll be able to learn more and more there's nothing like knowledge when it comes to helping you with your trading I'm going to go back on here for a second and have a look at some others because we had a look at this one we can

saw Here by volume as well by the way and that is the highest volume one uh of the last couple of hours so a lot of volume going in there a lot of interest which is why I'm watching it very very closely and like I said even if we push through here and I didn't time it perfectly in terms of the dip I'm still interested I'm still interested and if it does run wherever it runs from where where do we take profits a very very common area where we take profits is first of all again

draw off the psychological levels I've been talking about this for a very long time in this channel many many months even going on over a year now um so we got 2.5 five and then obviously 10 million but also previous highs so around the two .7 2.8 million Mark in just under three so around this region here very important to consider profits cuz it's a very good uh likelihood that there'll be some selling back here because this was exactly where resistance is this is where everybody's watching these levels uh come from natural law and mass

psychology basically because every other human being who's trading this maybe that well there is not maybe but there are a lot of AI agents trading coins nowadays as well but they'll all be looking at these levels as automated levels to buy and sell so we keep an eye on those too so as we go down see there's a big drop now in volume and then we've got a couple here that we can have a look at one at 800k market cap one at 388 let's have a look at those again opening a new tab first

thing we want to look at is is it any kind of scan that's the first thing and are there any socials that we can look at so you can have a look at that too so this one ran up you know with with very few pullbacks very quickly as well all the way up to 800,000 so I'm un sure so if I go down here on the right hand side I can see it's a pump fun coin so that's very good so that greatly reduces the potential for scams but also we need to have a

look at the holders and we can analyze that on any tool like for example Photon by the way whilst I'm about to do that notice that this hopefully should trigger very soon cuz we're seeing a straight sell off here we had what looked like a corrective three move up into resistance here and we've sold off which is fine still getting bounces volume's looking consistent here mostly selling volume so it looks like it will trigger like I said even after it triggers this could just dump all the way back down to 67 100000 you don't know

this is the risk you take with munin trading I'm looking at a risk of hopefully only 20% or so and if my two Soul doesn't work out I'll have lost 3.4 Soul however if it works out I might be able to turn that into uh the two so into four so or more that's literally what I'm doing here risk reward the other thing I can do is if I'm seeing a strong bounce so if I if I drop down to even a 1 second chart here I'm seeing a lot more volume com in you see

a lot of Bounce there around 1.2 but I don't think it triggered I can actually just buy as well so I'm just going to consider blind buying as well cuz I think I've just missed it there which is annoying so let's do one soul and then if it dips down that's fine we can always buy more so basically bought one Soul here cuz you see here my my dip was at 1.2 but I think the exact dip price we'll see it better on Deck screener the exact low here came here at 1.24 so a little

bit higher but like I said I don't know if that that is the dip either it could dip lower to where my targets were I don't know I just don't want to miss this one because like I said the volume's decent he's had a very good healthy pullback and is bouncing on previous where the previous high was so I'm interested for sure so I bought in a bit higher as you seen it was about 1.37 1.4 around there that I bought in so let's see how it goes if it starts to run then we'll talk

about some take profits and stuff if it's struggling we'll talk more about where I might want to take a loss if it's not working out either way it's fine so we're onun this uh next one that was called Nate bag a few things I can check here on photon um so if I zoom out let's say to a 30 second to look at the overall chart and I click on other trades here I can include Dev trades sniper trades Insider trades so they're all on here so I can see Dev bought and then Dev sold

pretty much straight away so it's basically what you might call a CTO and the chart's looking actually quite strong so let's click on Twitter this one is from a proper account like I don't know who this account is or what it is and this person is talking about how an AI coin from a month ago went to 600,000 market cap so um they were considering how to CTO this or something like that so I don't know if if it's a new one that's been created it's strange but something definitely going on here so obviously it

needs a lot more research but clearly you don't have to do that much there's something going on here there's a lot of Engagement It's a larger uh account with 36,000 posts so it's not some like random fresh Twitter account so yeah we're we're live here definitely something to look at and the thing is when when you get these organic ones these decent ones that are running and they're getting very few pullbacks here it's very very bullish too they're still going to get pullbacks we've seen we've we've almost fallen into the range and we're getting the

uh Vol volume increasing all of the time so we're in a Range here so what I like to do with these ones is either wait for it to hit some important level like 1 million which it hasn't done right now and wait for more significant pullback cuz it might be too early or buy at the low of the range so this is a completely different strategy it's another strategy I teach and this is range TR trading strategy where the safest place is that's now all the support that's now all resistance you'd prefer to buy here

you don't necessarily have to sell at the high but you might want to take a little bit profit because the range is quite large so it's everywhere from 400 to nearly 900 so it's a 2X range basically so we're going to wait for this one and keep an eye on it let's see what's going on with the other coin so with this particular one let's zoom out a little bit we don't need a one second chart anymore and let's remove some of these drawings we're in a 15sec chart here and we can see it's it's

gone up um my dip didn't trigger the dip by didn't trigger so what I would do is probably cancel that actually cuz I don't want to mess with that now if I see a move up from here and really struggle cuz my strategy was to buy the dip and the dip just happened to occur a little bit higher and I think there was uh also one more we opened a shiber sand so we'll have a quick look at that one too that ran to what looks like 500 and it's pulling back from there have a

quick look yeah it's a pump fun token the tobacco seller dog again we're going to open that in photon as well just see is there any insid of trading any other concerns have a quick look at holders as well so you can see this one we were in before average price 1 Point well just under 1.4 this one's doing fine and it ran but we're not going to be interested in taking any profits at like 1.8 or well below two there's just no point the whole point of this is to see whether it actually does

a little bit more running and here from the low I can see slightly higher low slightly higher low it's still maintaining some sort of structure so I'm still open-minded but if it breaks back below this area at 1.3 1.2 I'll probably sell up now is possible it can go double bottom and then go back up as well but like I said the coin's too new when anything's too new like this I wouldn't be interested the only thing I do like about this like I said is the volume overall volume has been very good so this

one now um which was called honey again it's attacking this area so it's looking decent enough um ideally we want movements like this if if it did start to get going we want to see a few green candles in a row this is called an impulsive move whereas when you see it kind of going um sideways like this this is called a corrective move like that so we just have to be a bit careful about that at the moment it's mostly sideways and we want to keep trying to break these and make higher highs as

well not only higher lows higher highs as well we don't want to kind of lose that structure again it's getting a bit technical but these are the things that I'd be looking at let's talk about take profits now so we discussed it a little bit earlier but these are the levels I'm looking at so you can see one clear there's a high there and there's an important level of 2.5 there so ideally I want to take one lower so if we get there what I would do is I would do an auto sell so click

on Auto Sell take profit and then here what we would want to do is around the 2.3 so we'll put 2.32 uh so if the price Rises another 40% from here so from my position it's more like 70 80% say we'll take a little bit of profits so we'll take 40% as an example and this expires uh we can leave that as 24 hours cuz it might take time to get there and again we want slippage a little bit higher so 5 or 6% on the cell side it doesn't matter as much the Mev protection

stuff create order so we've got that there too so we got average price that's the take profit now if I'm moving away from the screen and I'm worried about the position I can put an automatic uh Auto Sell as well so put Auto Sell Here market cap is and this I don't want to see it really messing about around the 13 area anymore so put that there so basically uh sorry I have to click on stop loss there then 131 so basically if it uh drops 27 28% from where it is right now I'm not

interested anymore sell the whole 100% And it expire in 24 hours that's fine same slippage Etc create order so now what I've done here again remove the drawings you can see I'm here between the range if it hits this kind of orange Brown Line golden line I'm out I'm not interested and I'll take a small loss loss will be hardly anything probably be about 0.1 soul something like that but if I take profits here I should I should be up a little bit because right now my position if you click on sell now 100% my

position is up 23 of a soul cuz remember we bought for one Soul so we'll see how it goes ideally I wanted two soul but we never got that automatic buy which is okay looking at this one we've got the buy the dip order already again it's looking weakish the volume's dropping a bit as well so there is a good chance it will drop back now another level it can drop back if it's very deep is all the way to 100 and remember with all of these drop back levels that could have been the forever

top we don't know we don't know for 100% sure but the good thing is with this dip buying strategy even if that is the top the height it will ever be you will get a level here either 200 100 where it'll do a little run might do a 2X or more and then fail so I can still actually um you know even at worst Break Even but sometimes actually make a really tidy profit there even if it struggles and it's going to fail anyway to be honest some of my best coins aren't the ones that

ran to hundreds of millions it was trading these new ones that fail eventually but gave me a good 5x 10x or even more in these initial stages so that's why I do like this area of trading anywhere from kind of 500,000 market cap to 1 million is really really fruitful in terms of Roi and then 1 to 5 million upwards for some better quality coins this was the other one I was looking about here is called Sheba San and annoyingly I had to leave the screen but this was a really good one because I was

watching it here coming down and it did bounce under the 200 actually I would have put an automatic 200 bu probably here too um and it's ran really well so from there from 200 we've gotten at least a 3X there but again I'm not in this position but look at the volume below so sometimes it's easier to watch the volume if you zoom out a bit but you can see it's actually increasing in volume which is very bullish and this is going to go in a good run uh from here already has done now I'm

still open-minded about this so if it do get a healthy pullback um I will be interested but I need to see where the swing high is so this so for example here this would be a swing low this would be a swing high this will be a place where we got the highest high and then it started to break structure I don't know where this will be yet it could be from here it just depends on what happens with price uh going forward so we don't know yet now note that this is not going through

it's because my slippage is too low here so I can change this to four or five click on Fast even while it's trying to go through because that one looks like it's going to fail now click on 40% and then click so now it has actually sold and it's still at the 1.6 so we took some some profits there nothing incredible took a little bit of profits there now let's see let's see if it can bounce now let's see let's see if it can Bounce Around 1.5 and run but again if it's coming lower down

because as I say the chart's not looking great then I'm out of the position and I might sell a little bit higher as well just to again tie in a little bit of profit looking back at this list I'm going to click refresh because obviously with the time settings we have there might be some new ones here as well and then I'm going to click on volume highest lowest and see if there's anything else that has come up got this one here as well and an agent one as well so we'll have a look at

both of this this Justice for James and this one is a pump fun coin again now this particular one we just scroll out to a one minute chart and see how it's doing so it had a bounce at 52,000 so it actually got really low in terms of price but then a strong Bounce from there so let's open it in photon again you you get different Trends and clearly this is a trend right now these just this uh coins so that's why it seems to be doing well um now from there by the way 500

all the way to 5 I'm not surprised there's profit taken I mean that actually a 10x from there um seems like the coins done nothing but these are the kind of crazy gains you can get if you get in very very early obviously I'm clearly a few minutes late to this one but never mind uh let's click on 15 seconds and let's wait and see how the price develops let's see if there's any others there's another one I open which was this one this agent autonomous so this one looking quite weak here dropped to 60,000

and again remember we have to do all of the other same checks as well I'm just quickly trying to do them all at the same time so uh pump on coin holders that's uh liquidity pool there are some kind of big holders but nothing too bad for such a low market cap coin volume is okay but then the last 5 10 minutes of volume not not really great the volume's really died off there so quick I am my positions which I do manually for these newer ones so I I keep an eye on it um

even after it's done a dip byy so this particular one look again looking okay so this is 1 2 3 this is the fourth lower high here so looking good so I think we could run because if you look here as well we've made some higher highs as well so that's good so far so that was a nice bounce we needed that 1.5 bounce we've got that so it's good but I am 40% out of the position I did take some profit so it's only a smaller position now but let's see if we can get

to that profit Target there this is the agents Anonymous one that we added so let's go to a 30 second chart and let's see what's going on with the dev here Dev bought and then then there was some Insider selling here as well which is always a little bit suspicious so have to be careful with that bubble Maps like I've said before doesn't always give you the whole picture but again you can just have a quick glance at it just to see the top holders see some of the holders here as well um just quick

check to see if it looks bundled this is another bot I've used before trench radar scanner so you can just copy and paste it into here so this particular one you can see here at the same time slot there was a lot of uh wallets that bought up a large amount of the supply so very likely it's bundled um another LGE Bing here so we wouldn't go near it and that's the end of that so this is basically a scam quote unquote and this is this one AA so we'll see what happens with the price

anyway but that's very likely what's going on with this one so this one looked like it pretty much was going to run there's some profit taken here and it's again a lot of profit taken again another higher low so let's see what happens it's kind of in between territory now so I I don't really know to be honest with you all I know is the volume still dying off so I'll show you that a little bit more more clearly you can see that you see that very very clearly there really to get a new pump

you need it to get a bit more volume so basically I'm going to sell just based on that alone so I've made a little bit of profits here nothing special we'll discuss that later this one's going sideway still looking strong it's very rare I do uh what you might call Top blasting where sometimes you know the coins look so strong that you don't even wait for a dip you just randomly just AP in and buy I I just don't like to do that anymore I find even with the better coins there always are dip opportunities

and to be honest from a risk reward and trading strategy perspective it's just it's just not smart to get in the habit of doing you could very easily just buy the top of the coin lose 40 50% and you see I started you know this with around 10 Soul if if that dropped to two or three Soul the amount of work I would have to do to get that two soul back to 10 like literally have to do 5x and stuff is a lot so I really don't want to take any big risks where I

could lose 70 80% of a position it just doesn't make sense the other way you could do it is again if you're sh a Trader I could buy Here a smaller dip like at 500,000 but just watch it like a Hulk and if it's not immediately pushing off um I I sell quickly this one's bounced even lower now at 1.4 just zoom back out this one's just Gathering momentum so I will do a little top blast here so we'll go with two Soul let's see how it goes but I'm very quickly going to sell if

I don't think this is going to work out so I'm going to be ready so bought two got my average price there and I'm keeping been a very close eye on this one I just think it's past support levels like 500 and stuff so usually around here apart from just this alltime High which we're right next to we've not got any immediate resistance the next resistance is about 900 so I'm taking a calculated risk where I'm top blasting for sure I'm basically buying the high but thinking that is a a decent moment to buy the

high and I'm looking at the volume which with every Peak seems to be getting higher which is a good sign too so I'm comfortable with my two soul but I need to be very aggressive Rive with selling especially taking profits or taking small losses if I need to so we'll zoom out on this one we go to a 15sec and we might even put an automatic um cell in place here so we're looking at so I don't like to do 1 million so basically we're going to go with automatic sell less so I like to

go around 940s so Auto cell take profit should be 9es 9433 so another 20 % from here take 50% off Advanced let's do 4% so it's a bit tighter yeah now we've got it showing properly so that's good so again good volume coming in let's see if it can tag my take profit or if we get a lot of selling before that which can happen too because again everybody's doing what I'm doing that're they're thinking I definitely want to take profits and some people have been in it since 100,000 since 200,000 so it's a great

opportunity for them and because they didn't see any serious selling yet they didn't have to worry about Panic selling either so I don't think I need to do anything yet and to be honest if it sold off from here I wouldn't I wouldn't take a sell I would hold my position and see if he could build up again because it just wouldn't make sense for such small uh profit taking it wouldn't make sense however 940 950 yeah it makes sense take a little bit of profit there so this one's still making unbelievably four or five

higher lows and it's curving around which is a little bit more bullish but again I'm not really seeing any volume come in so I'm still going to assume we're just in a range here kind of like that shape so we we we're still in here now again if we break out this could get very bullish but so this one again didn't quite make it there's a lot of profit taken but I will wait zoom out to see what the volume's like yeah I'll definitely wait no problems there with the volume so let's see if this

automatically triggers live and you can see here you can see take profit orders been triggered and you see it didn't go through the first time second time it went through so we've sold 1.47 and the rest of the position will hold and to be honest it was looking so strong you know there's an argument whether I should even have bothered to take some profit but yeah I think still it's sensible especially if you're new and you just get into grips with this you got to look to take uh profits as you go along so what

position size do we have left here so we've still got um so if I go on to 100% here you can see I've still got another 1.4 so solo 1.4 so we're nearly like one soul up half of it we taken obviously in profits and it was a two Soul Buy in we have had you see the average price there so if this gets to 1.2 that would be 2x for example so now I'm just going to hold and wait so now if it pushes through you can see you see that that's the full 1

million and just above selling but again I'm not particularly worried look at look at the large candle there just so many people taking profits at the same time so it was always going to happen and we are going to get a dip for sure but again I have a feeling just with the way he's moving it might be a shallow dip and with my remaining position if we do run now we're in Blue Sky territory and now it's literally just levels I've discussed two the 2.5 and if it really round five now I see very

few running to five so I'm automatically not thinking it's going to make it there I'm more thinking um where I've seen a lot run recently the 2.5 to3 area is probably going to top there so because I'm not going to be watching this all the time the screen what I can do here is again same thing I can automatically put a sell if we did did ever get that now the good thing about this one is I don't have to watch the screen and if it wants to because I think this is a slightly better

meme it could price could do all of this and I don't care cuz I've taken some profits I've protected my position now and I can put a stop loss here which will protect my profits too which means there's no way I can take a loss on this trade now let's do the stop loss first so how I would do it is have a look here and um push the chart up and see where when we had this range here before look where all the support was at 500 so there's a good chance we get some

massive dip we'd get support again at 500 now sometimes we have quick Wicks below and then come back up so what I would do is I would put the Auto Sell stop loss a little bit lower give it a bit of space so even below 475 I'd put it about 469 say so if it drops by 50% from here I'm out of the position 100% sold and we'll leave that for we'll leave that for longer 72 cuz if this position drags and I just don't keep an eye on it in the next couple of days

I want to make sure that's there so because I don't want to take any losses so we'll put let's say 4% slippage fast create order that's there so that's it I'm completely secured in this position now better place to be now automatic sell for take profit let's do that too so I would say I'm going to go with 274 and the reason for that is I think 2.8 and stuff there's a lot of Wick and a lot of pressure selling there as well so I would rather go for this sell another 50% on my position

because obviously as I get to there if if it ever gets there the 50% will be worth obviously a lot more so I'm happy to take a larger sell 72 hours I don't care when it gets there 4% slippage is fine fast is fine create order so now if it gets there you can see it's a good bit higher up 50% sell there I'm perfectly fine with that the way is consolidating around one as well is looking okay because if it gets above here it might drop back to one but it was still way above

my stop loss so I'm going to give it a chance and the good thing is if it sometimes uh you see coins all the time like I've shown you another one before we looked at it can run to here and then drop all the way back around to a million but because I put a take profit because I didn't miss this I know I'm going to take some profits before it comes all the way back down I don't want to just bag hold lose all of those profits all the way down and then get into

it so I'll come back to this I might have to even pause the video and just show you later how this played out just for curiosity sake I just want to bring you back to this one as well remember I showed you this range it's still messing about in the range volumes it was dropping but it's it looks okay it's sustained in let's call it sustaining volume sideways which is actually not a bad sign it's not dropping even further there's still some interest so it's about what to do here now I'm very careful if I've

bought and sold a coin before especially if I've made a little bit of profit or small loss on aen into these again and again you have to be very careful with that it's a very common mistake to make especially if you didn't buy in or you bought in and you sold too early and you see it go up and you four more in so I'm actually even if this one runs now I'm actually not going to just randomly Buy in at something that's not a support level so at the moment I believe I'm only in

this trade for now so we had a little bit of trade on the others we're only in this trade and let's see how it goes like I said I can sell all the position now what is it worth now it's worth um so to check you could just click on sell now click on 100% you can see this is worth two Soul now this position so it's decent so so far like if I sold everything right now would probably be up about 1.5 Soul going on to two soul with the other slight profit so not

much maybe May $500 something like that it's good startu and this is how I trade this region because these are the coins that have the volume so these ones that I showed you that you can quickly filter down there's not a lot to look through there's only a few here focus on this region especially if you're newer it's a safer region do you do diligence and checks by the way if you want to go through all of this in a lot more depth I do have my comprehensive memec coin trading program first link in description

and there I go into a lot more detail not more technical detail especially and dependent on when you're seeing this video you might still be able to get the extended sale offer there might be a voucher code there too so what I thought might be really good is to recap the trades this is about 20 or 30 minutes later after the point and I'll show you something interesting on this one on honey what I actually did in the end so I bought and I sold my position if you remember and if you remember talking about

at the time I was expecting a bounce from 1.5 which we did but then we retested the bounce so I got a bit nervous there and took my position and took a little bit of profit but obviously in hindsight that was a bad idea the problem was the volume was dropping for me and it was coming in it actually came in a little bit later there which again is a is a shame and also even after we broke out look at this I had a dip by setup here at 1.8 which again we just missed

so it's just one of those things on another day you know obviously these trades will work out a lot better no big deal but if I stayed in that 1 um 3ish position if you have a look at this going up now this ran got to a previous resistance had a little bit of a sell off nothing major but then went to psychological resistance which we know to be 5 million perfect profit taken so if I actually had I think I only had one soul in the end but if it ran it would have made

3ish Sole and if I had two so here it would have got five six Sole and actually even here to be honest is looking really good because what are we seeing with the volume volume is high at the moment so that's really good so again like I said I don't like dipping back into things but if the opportunity arises and we get a proper sell off I might have a look and now I'd be having a look probably around the 2.5 mil or just the high here you see this High here so around that high

that's how I look at it again this is all part of technical analysis all part of trading you're not going to trade these perfectly but I didn't need to be perfect if I got in anywhere here and sold out the first normal major resistance level at five that would have been it but anyway hindsight I'll do another live tradeing video and hopefully on that one we'll get everything everything will just click this was the other one and this was the one weirdly that was actually looking a little bit stronger but what happened here was if

you have a look here above the 1 million level we got this triple top again the other thing you want to watch out for when you're moving up is we're hitting the same resistance level a few times and then it becomes a very strong resistance level we either get a double top that's two or triple top that's three again this is all ta and then when it pulled down made the lower highs then I was out to the position I sold some there sold some there took some profit again not the best trade in the

world made a little bit I think barely maybe you know 78 sold something like that even though if I had sold all here it would have be 1.5 but again again you have to hold you have to see once you're in position you have to hold and give it time and if it's not working out you sell out now will this do another dip and is it possible to buy back in here possibly so here what I would look at is have a look at the um on one minute have a look at the volume

here where was the previous High we kind of broke through that 500,000 support level cuz if you remember me saying 500 do you remember I had a stop original stop below here I mean I sold all out higher up but my stop was below here you can see why cuz look exactly where we bounced 500 500 again we bounced there so it's right to have because we could have bounced there and keep running so it's the right place to put a stop but we failed so my stop even if I left the position open My

Stop would have just triggered here and I probably would have been about bre break even on the trade which is no big deal now actually we run all the way down to 300,000 now if you actually remove the drawings here and we do a price um Range here it's about I think it'll be about 60% I believe um even more 86 so actually I'm going to buy back in here um on on the dip and the video will be too long so you'll just have to check yourself and see how this went but I've vot

back in here and we'll see the first area we need to get through is 500 if you get through 500 again this will be the area on a bounce for profits remember these are all new coins so the momentum is with them at the beginning they will do whatever they need to do and then they will fail most of them some won't fail some will carry on and do big things so that's one possibility another possibility is it carries on gets to somewhere near here maybe double top then fails and the final possibility is just

there's a lower high and then fails but even in that final possibility I could trade the bounce here and make a little bit of profit with my two Soul maybe make one soul in profit two soul in profit and then it can sell off let's see how it goes and this was the other position the nag position where we got in at the dip so you don't see the dip by there but you can see if I hover over I bought in up well it triggered at 189 so literally perfectly bought the low there so

this particular one I believe should be up so if I click on sell here 100% we're up to three so and I think it was a two Soul buy so let's see how this one develops so you can see here at the top I invested two Soul the remaining is 3.2 so we up just a little bit so it was a nice dip byy in the end but anyway let's see how it goes and the where am I looking for sell targets well very simple definitely 500 you can see that that's where resistance was will

it even get there or is this just a dying coin with lower highs not sure so if we struggle here I probably sell half the position take half profits here but again we don't know if we'll break through having a look at volume very quickly so go into a one minute see the volume is pretty low so to sustain this pump going up you have to get more volume otherwise I'll just take a sell here Bank bank the one one and a bit salana and just move on guys I hope this video was helpful and

if you did find it helpful please comment below and I'm more than happy to do more uh kind of live trading like this where I just go through my whole thought process as well thanks for listening