Memecoin Trading and Strategy Guide
BullX is the fastest advanced DEX trading system currently deployed on six different chains (Solana, Base, Ethereum, Blast L2, Binance Chain, Arbitrum). They are one of the most powerful trading bots for meme coin trading and may even have a potential airdrop! Here is a BullX tutorial for trading memecoins!
Check out our guide on how to receive your BullX token airdrop. BullX Token Airdrop Guide.
Check out the BullX tutorial!
What is BullX?
BullX is a cutting-edge trading platform revolutionizing memecoin trading on the Solana Network. It offers a variety of advanced features designed to accommodate both beginners and experienced traders. BullX’s main features include:
- Multi-chain support: BullX supports a variety of EVM chains, including Solana, Ethereum, BNB Smart Chain, and Arbitrum.
- Advanced charts and statistics: The platform provides real-time market data, interactive charts, and comprehensive analysis to help traders make informed decisions.
- Limit buying/selling on all chains: Users can easily set up customized trading strategies.
- Telegram – web interface: BullX is fully integrated with Telegram, allowing users to manage transactions, monitor updates, and receive notifications in real time.
- fast indexing: The platform processes blockchain data at extremely high speeds, ensuring real-time transaction updates.
- Real-time security audit: BullX offers advanced security features including AES-256 encryption and private key management.
- Multiple wallet management: Users can manage and transact with multiple wallets without constant login.
- pump vision: This feature helps users stay ahead of moonshot opportunities by tracking pump tokens and trends.
BullX Tutorial: How to trade memecoins on BullX?
Here is a tutorial on how to trade on BullX:
- Link your Telegram account
Go to https://bullx.io/ and connect your Telegram account. You need to do this step because BullX is integrated with your Telegram account.
- Enable two-factor authentication (2FA)
Enable 2FA and back up your private keys. We recommend that you keep your private keys offline in a safe place in case your computer is hacked. Do not share your private key with anyone. Customer service will never ask for your private key. Also, make sure your Telegram account is secure as your BullX wallet information is created and stored there.
- Fund your BullX trading wallet
To fund your BullX trading wallet, go to the Wallet Manager in your BullX account. Then click “Add Funds” and follow the instructions to deposit cryptocurrencies from an external wallet or exchange. You can find your funds on the “Wallet Manager” page.
- Choose a Token
Go to the “Navigate” function (e.g. the compass button on the left bar). Here you can organize tokens based on features such as trend, gainers, losers or recent. You can also select a time period by clicking the time button on the right. This allows you to find, for example, which tokens have made the most profits in the last hour. You can also select the token you want to trade by searching its name or pasting its contract address into BullX.
- Token Purchase
Click on the token you want to trade, then make sure you are in the “Buy” tab. Select the amount you wish to purchase and click “Buy”. To adjust your purchase settings, you can click on the amount of gas you are being charged and select options such as Buy Priority Fee, Buy Slippage Limit, Buy MEV Protection, or Buy Bribe. The first and last of these options are the ones you’ll most likely adjust, especially if your network is congested and you want your transactions to process faster.
- Check progress
After confirming your token purchase, you can check the progress of your transaction by checking “Order” and checking its progress. Once the transaction is complete, a check mark will appear next to your order.
- Check market trading information
You can view all recent transactions for that token in the “Market Transactions” section at the bottom of the screen. The star emoji next to the user under the “Maker” column indicates that this is a new wallet or user performing this transaction. The animal icons also show many of the transactions made by these users. The biggest deals are represented by the whale icon, followed by dolphins, fish, and shrimp.
- check holder
Click on the “Holders” tab to see how many people own what percentage of the stake. For example, it represents the total percentage of tokens held by the top 10, 50, or other holders. This is especially valuable information for new tokens.
- Check out the best traders
Click on the “Top Traders” tab to see which users have made the most money with a particular token.
- Check transaction statistics
Click “Statistics” on the right to see the percentage of transactions that occurred in the last 5 minutes, 1 hour, 6 hours or 24 hours.
- Check security audit information
Click the “Scan” tab on the right to see basic security information. For example, who performed a security audit on the tokens, and what percentage of the tokens belong to the token holder if the holder’s address has been abandoned. You can also check whether the token contract is open source. Closed-source token contracts can be a red flag because traders cannot see the token contract and potentially identify security issues.
- Check your life posture
Click ‘My Location’ on the right. This section tells you your specific token holdings and unrealized P&L. Unrealized P&L refers to the amount of profit/loss that could be made if these tokens were sold immediately.
- Limit order settings
To set a limit order, click “Limit” in the top right corner. In the graph, set when your limit order should be processed and then set the amount of tokens to purchase in the “Buy” section. Once you confirm your purchase of tokens, your transaction will be executed once the tokens reach the price you specify. If you change your mind, you can also cancel your order before it is executed.
