Crypto during bear market becomes a player verse player field especially for those who are looking for quick profits.

Most traders can go the extra mile to outplay the newbies and scrap off their funds.

Someone once told me, that trading is a game played by the 5% market makers and the remaining 95% liquidity chasers.

So if you want to actually make money in Blockchain, you either chase real innovations (which usually takes a long time or quick profits from degen trading.

Since you now know that both of you are both playing a game of who will dump his bag on the other. It is paramount you use tools that can filter the noise and misinformation of the market.

I will be telling you about few of these tools and how they can give you an edge over the market.

For clarity sake, most of what I want to say here is more applicable for degen trading and it is NOT A FINANCIAL ADVICE.

so the first one is de.fi, this site is like a crypto antivirus, it can scan most smartcontracts deployed on EVM compatible chains.

It also scan token and bring out the possible red flags in them and also give them a trust ratio between 1-100. Of course a 100% means it is safe, but still that is not a financial advice to ape in.

Next one is bubblemap.io

This is helpful to see how wallets have interact with a particularly token and can show you wallets holding a relatively huge chunk of a token. Maybe waiting to dump on others at a price. When a wallet holds anything above 5% of the token it is a red flag and can perpetuate a ripple dumping effect when the holder sell off.

Third one is maestro telegram bot.

Trading has become easier with the recent growth of functionalities of telegram trading bots.

These bots can help frontrun your transactions, scan for redflags, ape into the market once there is liquidity, selloff before the dev pulls the liquidity.

And most of all, these bot is free to use but it also come with some attached risk and you should only connect the bot with your burner wallet and revoke access once you are done trading.

But this is all a game, you can play too safe, you will eventually get burnt somehow, the best trader is not the one who makes the most money trading, but the one who doesn't lose most of his profit back to the market. 

You can make a million in crypto and wake up the next morning to find out you have been liquidated.

Also be mindful buy and sell taxes, so you don't get stuck holding a token waiting for pump, though maestro also detects high taxes as red flag.

While all these might look like a long process for a token you just want to trade for few minutes, it is still very helpful to make sense of your cents. If you can't secure your little capital, you will also gamble with huge capital.

Renounced ownership are quite frequently seen in degen tokens, this is meant to assure you that the dev won't pull out the liquidity, but it also means there is no long term plan for the future.

Until next time, stay SAFU

I am ticktalker