Degen

Still unsure of how to trade on Hydrogen? Let's take a look at some strategies involving the popular memecoin TOSHI on @base

The most popular TOSHI pool is TOSHI/WETH 1% on Sushiswap with over $500k in liquidity. Here is the pool link

The most popular TOSHI pool is TOSHI/WETH 1% on Sushiswap with over $500k in liquidity. Here is the pool link https://www.sushi.com/pool/8453%3A0x5f0a153a64fd734c111b770da11de2c385ca8042

We'll also use Dexscreener to plan and backtest our strategy https://dexscreener.com/base/0x5f0a153a64fd734c111b770da11de2c385ca8042

One simple strategy would be to go for a single flip. TOSHI along with the rest of the market has come down recently. You could gamble on a bounce and earn a nice quick percentage

Here's one that is going for a 25% profit

Executing this strategy is simple
Step 1: Buy TOSHI on Sushiswap at its current market price
Step 2: Place a limit order sell on Hydrogen at a higher price
Step 3: Wait. If someone accepts your trade offer, your WETH profits will be placed in your wallet

Here's another strategy - this one is a grid order that buys at 0.210 and sells at 0.218. Over the last 9 days, 12 trades were made in this pool - 6 buys and 6 sells. Each buy/sell combo results in a 3.89% profit, so this pool earned 25% ROI over those 9 days

Or this one that buys at 0.202 and sells at 0.218. Backtested over the last 9 days, 10 trades were made in this pool - 5 buys and 5 sells. Each buy/sell combo results in a 7.9% profit, so this pool earned 46% ROI over those 9 days

This pool is slightly more complex, but still easy to execute using Hydrogen
Step 1: Create a grid order pool on Hydrogen. Fund the pool with TOSHI and/or WETH
Step 2: Wait and allow trades to be made against your pool
Step 3: Take profit

That's a wrap. Drop a comment if you're trading TOSHI and let us know your trading strategy