🔫Sniping
KarateCat Trading Bot - Token Sniper
The KarateCat Trading Bot offers a powerful Snipe feature designed to help you quickly acquire newly launched tokens on the Solana blockchain. This feature is essential for traders looking to gain an early advantage by purchasing tokens at their initial offering price. Below, you will find a detailed guide on how to set up and use the Snipe feature effectively.
Overview
Sniping involves automatically purchasing tokens immediately after their launch. By doing so, you can secure tokens at lower prices before their value potentially increases. This strategy requires precise timing and accurate settings, which the KarateCat Trading Bot facilitates through its user-friendly interface.
Step-by-Step Guide
Step 1: Initialize a Snipe by Sending the Contract Address
To begin, follow these steps:
Open the KarateCat Trading Bot: Access the bot through Telegram.
Send the Token Contract Address: Paste the contract address of the token you wish to snipe into the bot. This action will initialize the snipe setup process.
Step 2: Select the Amount of Solana (SOL) for Sniping
After initializing the snipe:
Choose Your Amount: The bot will present options for the amount of SOL you wish to allocate for the snipe. Select an amount that aligns with your trading strategy and risk tolerance.
Step 3: Configure Snipe Settings
Once you have selected your amount:
Adjust Settings: Customize the snipe settings to optimize your sniping strategy. You can configure the following:
Buy Mode: Activate the buy mode to initiate the purchase.
Sell Mode: Activate the sell mode if you plan to sell the tokens shortly after buying.
Sniper Mode: Set specific parameters for sniping.
Tip SOL Amount: Specify the amount of SOL to tip.
Wallet Selection: Choose between using the main wallet or all wallets for the transaction.
Save Settings: Ensure all settings are properly saved to avoid any errors during execution.
Step 4: Monitor Your Snipe
After configuring the settings:
Check the Status: Monitor the status of your snipe. The bot will provide detailed information such as the initial market cap, status (e.g., pending, active), start time, buy amount, and the number of wallets involved.
Real-Time Updates: Stay updated with real-time information provided by the bot to ensure your snipe is proceeding as planned.
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