Can you trade SOL meme coins by leverage ? Short and long ? Is good ?

[Fullbear2222]

Can you trade leverega them ?
Short? Long !?
Its good ? And wich websites or exchangers are legit for that?
Since it's obvious that most of them crash after bigger pump it will be good profit to short them when they hit high

[Charles-Tim]

These are lists of exchanges that have derivative futures: https://www.coingecko.com/en/exchanges/derivatives

I have used Binance, HTX, Bybit , MEXC, OKX and many others and they are all good. MEXC has the lowest fee. Some people said BingX is good also.

Edit:
Avoid using leverage for memes. Also use small amount of money to trade them. If you have $500, do not use more than $10 or less to trade them.

[tvplus006]

...Since it's obvious that most of them crash after bigger pump it will be good profit to short them when they hit high

You're thinking standard, like most market participants. Therefore, you should not be surprised, after you open a short position, the price of the token will increase by another 2 times. And accordingly, before the dump begins, most traders will lose their money due to liquidation.

[JeffBrad12]

you can short them whenever it hits CEX and there's future market open, otherwise you're out of luck because i think perpetual market or future market in DEX is a lot harder to do than in CEX where liquidity is abundant.
but so far if you see, trending meme coin always hits CEX with massive liquidity even sometime allowing as high as 200x leverage because the liquidity is just massive. most of them already hitting ATL right now so it's definitely possible.

PNUT, and others, already gives big profit to the shorter in just few months. but timing meme is always difficult though, you can get liquidated out of nowhere.

[Charles-Tim]

You're thinking standard, like most market participants. Therefore, you should not be surprised, after you open a short position, the price of the token will increase by another 2 times. And accordingly, before the dump begins, most traders will lose their money due to liquidation.

You can see some that are manipulated within some minutes up to 300 to 400% or up to 1000% in just minutes and later dumped in some minutes after. I thought the OP was asking question about Solana. Not knowing it was Solana memes. There are people that are manipulating the market to wipe the money of people and then dumped the market. They are highly risky.

[X-ray]

...Since it's obvious that most of them crash after bigger pump it will be good profit to short them when they hit high

You're thinking standard, like most market participants. Therefore, you should not be surprised, after you open a short position, the price of the token will increase by another 2 times. And accordingly, before the dump begins, most traders will lose their money due to liquidation.

agreed . people really underestimate the whales behind some of the projects when it come to high risk market like these.
they got all the tools to see nearest liquidation point for majority of people who open short position.
they can easily liquidate all these people for distribution purpose and then dump afterward when the short position is at all time low.
people need to realize that market is smarter than they think it is.

[Aanuoluwatofunmi]

Can you trade leverega them ?

Yes, but I will advise only the experienced trader to go for this, because you can easily got your money liquidated and not all traders know about using the features like
Funding rate, market limit and the likes.

Short? Long !?

Base on your speculation and how convinced you're, you can take any path and afford for the risk involved in case of the incasity.

Its good ? And wich websites or exchangers are legit for that?

Trading is quite good but at your own risk, you can use any of the exchanges like Binance or Bybit for your trading.

[tvplus006]

Its good ? And wich websites or exchangers are legit for that?

Trading is quite good but at your own risk, you can use any of the exchanges like Binance or Bybit for your trading.

After hackers withdrew $1.46 billion from the Bybit exchange's cold wallet today, I would refrain from trading on this exchange. There are really a lot of good exchanges where futures trading is available, and you should make your own choice, taking into account the link left by Charles-Tim.

[Oshosondy]

After hackers withdrew $1.46 billion from the Bybit exchange's cold wallet today, I would refrain from trading on this exchange. There are really a lot of good exchanges where futures trading is available, and you should make your own choice, taking into account the link left by Charles-Tim.

We do not know which exchange is next. Maybe Binance.

It would truly be good if people avoid Bybit for now as it was hacked $1.4 billion. That is not a small amount of money at all.

I do not know if it is true or not, it was reported that the North Korean hackers, the Lazarus Group hacked the exchange. I can see exchanges like Binance and Bitget helping Bybit already. Also I heard exchanges have sent $120 million to Bybit for now. I do not know how true all these are.

But with what I am seeing right now, I think Bybit will be able to overcome this tough time.

[shinratensei_]

After hackers withdrew $1.46 billion from the Bybit exchange's cold wallet today, I would refrain from trading on this exchange. There are really a lot of good exchanges where futures trading is available, and you should make your own choice, taking into account the link left by Charles-Tim.

definitely wait until the dust settle, bybit CEO might say fund is safu, but nobody know for sure, it won't hurt to just wait until few weeks.
1.46 billion hack isn't some measly amount, I'm sure bybit got a huge hit from it, but I can also see the chance that the money might be returned if miracle happens .

even FTX founder also say everything is well before their collapse.

[Oshosondy]

even FTX founder also say everything is well before their collapse.

I do not know the reason many people on this forum are relating this Bybit hack to what happened to FTX. What happened in the two events were not exactly the same. FTX issue started from Binanace sold their FTT token and revealed the reason people should avoid FTX. People lost money and the allegations about how FTX has been misappropriating customers money and also helped in funding Alamanda research or something led to FTX collapse. The FTX CEO did not have time for FTX again at the time and some weeks later the exchange was hacked. Also I do not remember anywhere FTX talked about funds in Safe like Bybit. All I remember was that the exchange was already collapsing into bankruptcy some weeks or days before the hack. Even if the exchange was not hacked, it is highly likely that there will be no FTX anymore.

[Mpamaegbu]

~snipped~

You're thinking standard, like most market participants. Therefore, you should not be surprised, after you open a short position, the price of the token will increase by another 2 times. And accordingly, before the dump begins, most traders will lose their money due to liquidation.

Exactly! I was going to say that before I stumbled on your comment. OP will think they're going to outsmart the market but they won't know that several other investors are also thinking same thing. In addition to your submission, I believe anyone trading memes without being a member of the team or someone who has an insider information is only setting themselves up for loss.

[tvplus006]

...but I can also see the chance that the money might be returned if miracle happens

This is unlikely to happen, as it has already been established that these are hackers from the Lazarus group, which is sponsored by North Korea - https://www.dlnews.com/articles/defi/north-korea-the-likely-bybit-hacker-according-to-researchers/?utm_source=telegram&utm_medium=organic_social&utm_campaign= Write that North Korea has now become the twelfth largest ETH holder.

[LogitechMouse]

You're thinking standard, like most market participants. Therefore, you should not be surprised, after you open a short position, the price of the token will increase by another 2 times. And accordingly, before the dump begins, most traders will lose their money due to liquidation.

You can see some that are manipulated within some minutes up to 300 to 400% or up to 1000% in just minutes and later dumped in some minutes after. I thought the OP was asking question about Solana. Not knowing it was Solana memes. There are people that are manipulating the market to wipe the money of people and then dumped the market. They are highly risky.

Most of the SOL memes are only being traded on DEXes, and I don't think that they will be listed on CEXes as soon as they got created. I mean only the CEXes are offering leverage trading, so I don't think that this is possible unless that SOL meme has been in the market for quite some time, and it has a high market cap, and high trading volume as well.

Speaking of SOL memes, there has been many who lost their money investing into it. Yes, there are many that made money from it, but how many investors must lost their money just for a single investor to make millions? It's obvious that these are manipulated. Pumping in the first minute of it's creation by x5 or even x10 only to be dumped on the investors' faces. What's worse is that, despite of the obvious movement of these kind of meme coins, there are still many investors who are opting to invest into them. They don't care about the risks of it. Kind of delusional if you will ask me.

This is the reason why I don't invest into them, or if I will, that money will not affect me at all and I can afford to lose it in case things go south.

[tvplus006]

Most of the SOL memes are only being traded on DEXes, and I don't think that they will be listed on CEXes as soon as they got created. I mean only the CEXes are offering leverage trading...

Newly created meme coins can be listed on CEX immediately after TGE, but it will depend on the coin itself and who is behind it. Meme coins $TRUMP and $MELANIA were registered just a few hours after TGE on all major exchanges. As for DEX with leverage in the solana blockchain, the best solution would be Jupiter, where trading with leverage up to x 100 is available - https://jup.ag/perps

[Fullbear2222]

Most of the SOL memes are only being traded on DEXes, and I don't think that they will be listed on CEXes as soon as they got created. I mean only the CEXes are offering leverage trading...

Newly created meme coins can be listed on CEX immediately after TGE, but it will depend on the coin itself and who is behind it. Meme coins $TRUMP and $MELANIA were registered just a few hours after TGE on all major exchanges. As for DEX with leverage in the solana blockchain, the best solution would be Jupiter, where trading with leverage up to x 100 is available - https://jup.ag/perps

Thanks o good 100x with low Marketcap entry like entry from 3-7k mc it could make good long If coin goes up.
Short when coin is on top they crash down often.
Imagine they rugg coin on 100k wich happens often and your leverage 100x short wow you could make a lot profit

[gunhell16]

It is too risky to carry out trading activity in leverage op when meme coins are the ones you choose to trade to generate profit. Although there are other traders who are conducting short
trades in meme coins using dex platform under sol network.

But as I said, the risk level is really high when doing this and it is not recommended for newbies to do these strategies
instead they should have knowledge in trading.

[tvplus006]

Most of the SOL memes are only being traded on DEXes, and I don't think that they will be listed on CEXes as soon as they got created. I mean only the CEXes are offering leverage trading...

Newly created meme coins can be listed on CEX immediately after TGE, but it will depend on the coin itself and who is behind it. Meme coins $TRUMP and $MELANIA were registered just a few hours after TGE on all major exchanges. As for DEX with leverage in the solana blockchain, the best solution would be Jupiter, where trading with leverage up to x 100 is available - https://jup.ag/perps

Thanks o good 100x with low Marketcap entry like entry from 3-7k mc it could make good long If coin goes up.
Short when coin is on top they crash down often.
Imagine they rugg coin on 100k wich happens often and your leverage 100x short wow you could make a lot profit

Yes, that's exactly what it looks like, but only on the chart, when you analyze its previous values and realize that here you need to open a short, and here you need to close it, and then open a long. But when you try to move on to practice, it turns out that where you opened a short, you had to open a long, and vice versa)

[_BlackStar]

It is too risky to carry out trading activity in leverage op when meme coins are the ones you choose to trade to generate profit. Although there are other traders who are conducting short
trades in meme coins using dex platform under sol network.

But as I said, the risk level is really high when doing this and it is not recommended for newbies to do these strategies
instead they should have knowledge in trading.

Have you read some of the future trader posts on Binance Square?
I guess some of them are traders trading on a low budget who then ask “what should I do next, hold or sell”. I don't think they have a good mentality to trade with a budget of more than $10 in the future trading - so I'm not sure what risks we should convey to them. There are many traders who trade futures contracts for less than $5 - so I don't think we should care too much about what he does.

To be honest, I don't like futures trading even though I know there is great potential for me to make quick profits there, but the risk is losing all my money. Of course, many traders are interested in trading futures rather than just trading spot - but they have a sufficient budget and can adjust their strategy when market conditions are not in their favor.

[Wakate]

Can you trade leverega them ?
Short? Long !?
Its good ? And wich websites or exchangers are legit for that?
Since it's obvious that most of them crash after bigger pump it will be good profit to short them when they hit high

Trading Solana memecoins could look easy but I promise you are going to end up losing all your money. I have used several exchange to trade and hold some Solana memecoins and the network fee was the major problem with many of the exchange like Gmgn that allowing trading or Solana memecoins. It would be better for you to use normal centralized exchanges for trading than to use decentralized exchanges because they are not it at all. I have used few and I regretted using them and I keep asking myself when decentralized exchanges keep charging exorbitant amount of money for a single trade.