How to Copy Whale Trading on DexScreener, Read the Guide!

Bittime - Want to make big profits in crypto trading? Following in the footsteps of whales can be an effective strategy. 

Whales in the crypto world are individuals or institutions who hold large amounts of crypto assets and often trade with large volumes. 

Their actions can influence market prices, so copying their trades can be a smart way to expand your portfolio.

Here is a step-by-step guide to finding and imitating whale trades using DexScreener.

Also read: Altcoin Season Index: Understanding and How to Use It for Crypto Trading

1. Finding Whales on DexScreener

DexScreener is a crypto analysis platform that allows you to track whale activity on various DEXs (Decentralized Exchange) and chains, such as Solana, Ethereum, and Base. To find whales, follow these steps:

• Go to DexScreener.com
• Select chains Solana
• Click on options "New Pairs" (7d)
• Select the token you are interested in and click "Top Traders"
• Identify individuals who invested the largest amounts or earned the greatest profits
• Click the button under “Exp” to be redirected to SolScan, then copy the owner's wallet address.

2. Check Wallet Whale

After getting the wallet address, the next step is to analyze its activity. You can use a Telegram bot called self figure to check wallet efficiency, success ratio, and return on investment (ROI). 

Here's how to use it:

• Visit t.co/eo6OMSHJvj
• Launch the bot and click "Check wallet on Solana"
• Enter the wallet address that you have copied from DexScreener

Analysis from Zelfiguru will give you an idea of ​​the wallet's performance. Make sure to only copy wallets that are consistently profitable.

3. Avoid Fraud

When imitating trading whales, it is important to avoid tokens that are potentially scams. Use Rugcheckxyz to verify the security of the token you are going to copy trade. It's easy, just enter the token address from DexScreener into the analyzer, and select the token with a high rating.

4. Doing Copy Trading with Bots

Manual copy trading may not always produce optimal profits, due to fast market movements. Therefore, you can use trading bots such as TrojanOnSolana. Here are the steps to set up the bot:

• Visit t.co/wZFgLCMvDt and launch the boat
• Send SOL to the wallet in the bot
• Click "Copy Trade," then select "New"
• Create a "tag" for the wallet
• Enter the wallet address you want to copy
• Enter the appropriate parameters, then click "Add"

Additional Tips

Although imitating trading whales can be a powerful strategy, there are always risks in any investment. Make sure you only invest the amount you are prepared to lose in case of loss.

By following this guide, you can utilize copy trading strategies to increase your profit potential in the crypto world. However, remember to always be careful and do thorough research before making an investment decision.

How to Buy Crypto on Bittime

You can buy and sell crypto assets easily and safely via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also ensure you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Study Complete Guide How to Buy Crypto on Bittime. 

Monitor graphic movement of Bitcoin (BTC) price, Ethereum (ETH), Solana (SOL), and other cryptos to find out today's crypto market trends in real-time on Bittime.