Tokens
This page will describe how to find good tokens to run on our bot
Last updated
This page will describe how to find good tokens to run on our bot
Last updated
You'll want to manually filter by eye the tokens you want to run. To start off, I'll open Photon and browse the trending section, you'll want to avoid tokens under ~80k Liquidity and obviously rugs. Generally the higher the liquidity on the token will make that token more profitable. The reason for that is because you want to buy 1% of the liquidity of the token, anything more will have more a bigger price impact and be less profitable and anything less will result in a smaller gain. If a token is 80k liquidity, it will buy $800 worth of that token. You're looking for coins that are having big dips like in the example below. You need to run tokens that have strong response to dips otherwise a dip will not go back up, you can look at previous dips and ones that are happening as your watching to kind of get a feeling for it, generally if it is a token that has a higher amount of liquidity then 100k and has a lot of volume, it will go back up depending on how big the dip is. The newer the coin is, the more volatile and volume it will have, it will have increased risks of losses but will be more profitable. Something to consider as well, the newer it is, the faster it can die. As someone who has been doing this for over a year ill run tokens as new as 30 seconds old as long as it follows all the "rules" to running a coin.
To kind of summarize this into a checklist u want:
Liquidity: Generally coins are best when they're over ~80k
Safety: not a rug, freeze auth, LP burned, Mint auth, ect. There so many ways to tell if a token is safe or not and photon has a security tab as well to check.
Volume: The more volume the better, if you're running a token that has no volume, dips will happen SO much less then those who have lots.
Tokens Response: this is more up to your discretion. Some good signs on a token would be If its trending upwards and has a strong response to dips previous and current dips. Obviously you don't want to run a token that's "bleeding out" (Rapidly down trending) so fast, otherwise you're going to burn yourself, generally it is easier and much more forgiving to buy dips when tokens are going up vs going down. The following will be pictures to get an idea of what we're describing on this page.
The left security tab would be an example of a better choice of token
Please note that even when everything can appear to be good on the security tab, it can still be a malicious/rug token.
