How to Snipe Memecoins Early with BullX NEO

Dante Zale

• 3 min read

There are many strategies when trading memecoins. One strategy many top traders are using is sniping new pairs/ Whether you’re looking to get in on a coin with a funny ticker, a viral PFP, or breaking news, early entries are often the key to those explosive 10x or 100x gains.

With BullX NEO, sniping new tokens becomes easier and faster thanks to its Quick Buy feature. However, as profitable as early snipes can be, they also carry significant risks, so it’s critical to approach this strategy with caution. Here’s how to leverage BullX NEO for sniping new pairs.

The Power of Quick Buy

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BullX NEO Quick Buy Feature

Ever wonder why top traders seem to have super low entries in most top memcoins? Bullx Neo’s Quick Buy feature is designed to help you execute lightning-fast entries, crucial for low-cap coins. Instead of navigating multiple steps to place an order, the 1-click Quick Buy button allows you to buy coins instantly on the Neo Vision page.

Why Use Quick Buy?

  • Speedy Entries: With Quick Buy, you can get into a memecoin at sub-$10,000 market caps—where most of the gains happen.
  • Stay Ahead of the Crowd: Other traders might still be fumbling with manual setups while you’re already in position.

Quick Buy is a must-have for traders aiming to capitalize on memecoins’ hyper-volatility and fast momentum.

Setting Up a Quick Buy Preset

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BullX NEO - Quick Buy Preset Buttons

To maximize efficiency, it’s important to configure your Quick Buy preset before diving into trades.

How to Set It Up:

  1. Open Neo and click on the Settings icon.
  2. Navigate to Quick Buy Preset.
  3. Enter the $ amount you’d like to allocate for each quick buy transaction.

I’d recommend using a smaller size when sniping new pairs as this will prevent you holding too much supply (deters other traders) and reduces risk

Now, with your preset saved, you’re ready to snipe memecoins with a single click.

How Top Traders Use Quick Buy

Many top traders on Bullx Neo, such as Cupsey and Orangie, rely on Quick Buy to instantly grab new pairs. Using Neo’s wallet tracker, you can see that these traders mainly focus on coins with:

  • Viral PFPs: Anything that looks unique, funny, or meme-worthy.
  • Catchy Tickers: Coins with names or abbreviations that resonate with trending narratives.
  • Breaking News Appeal: Tokens related to sudden celebrity mentions or news (e.g., Elon Musk tweets).

While this approach can yield massive early profits, it’s a highly speculative and degen strategy. Expect a mix of big wins and rugs.

Sniping Coins After Migration

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BullX NEO Sniping Coins

Another lucrative opportunity lies in sniping tokens post-migration. When coins migrate to raydium, the hype often surges, making early entries profitable.

Challenges with Migration Sniping:

  • Many tokens experience extreme demand, making it hard to secure entries without a sniping bot.
  • Limit Orders Don’t Work Well: Avoid using limit orders during these situations, as you can get unwanted fills.

Pro Tips for Migration Snipes:

  1. Use Manual Buys: This ensures you can react according to price action once the coin migrates.
  2. Adjust Settings: Set a high slippage tolerance and bribe fee to ensure your transaction processes ahead of others.

Risks and Rewards of Sniping Memecoins

There are always risks and rewards with every opportunity especially in the cryptocurrency space. Analyzing the risk and reward is key to success. Let's go over the risks and rewards of sniping memecoins on BullX NEO.

The Rewards:

  • Sniping early allows you to scalp quick 2x or 3x profits.
  • Some memecoins become long-term runners, delivering massive gains up to 100x if you hold your position.

The Risks:

  • No Research: Memecoin sniping relies on gut feeling and viral appeal rather than fundamentals.
  • Rug Pulls: Early entries often mean little-to-no vetting, so you’ll inevitably encounter scams.
  • High Volatility: Prices can swing wildly, especially at sub-$10,000 market caps.

Conclusion

Sniping memecoins early on Bullx Neo can be highly rewarding but comes with significant risks. To navigate this strategy effectively, keep your position sizes small and incorporate additional techniques, such as wallet tracking, to better understand market behavior and reduce exposure. Combining speed with a calculated approach can help you maximize opportunities while managing potential downsides.