Solana Tools & Chart Reading
Dexscreener, Solscan, market structure and Fibonacci — the working toolkit.
1The toolkit
The daily stack of a serious trencher:
- Dexscreener / Birdeye — charts, rankings, socials and holder tabs for every coin.
- Solscan — the chain's library: trace any wallet's balance changes and transfers.
- Bubblemaps — visualize holder clusters and bundles.
- Rugcheck — LP lock, mint authority and risk analysis in one paste.
- Telegram bots (e.g. Rick) — instant coin info inside your group chats, with call tracking.
- Trading terminals — fast execution across chains; export and back up private keys immediately.
2Market structure in one minute
Uptrend = higher highs and higher lows. Downtrend = lower lows and lower highs. When the pattern breaks — price falls through the last higher low, or pushes above the last lower high — something changed. Rule of thumb: trending up = likely a good buy; sideways or down = probably not; transitioning from down to up = maybe. Being a little late on a confirmed uptrend beats being early on hoped-for reversals, every time.
3Fibonacci zones
Markets move in waves: push up, pull back, continue. Fibonacci retracement levels (0.5, 0.618, 0.786) mark how deep a healthy pullback can go before the trend resumes — the 0.618 'golden zone' is the most respected. Draw from swing low to swing high, body-to-body on low-liquidity memes (one wallet can paint a fake wick). One signal = interesting; a fib level stacked with previous support and a round number = a real setup. And always know your invalidation before you enter.
Learning material summarized from the free "A Complete (Meme)Coin Guide" by @spyzer — shared with full credit.