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Unlocking the Snipe Monitor: A Step-by-Step Guide – Trading Bot Wiki

Unlocking the Snipe Monitor: A Step-by-Step Guide

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Embarking on the journey of sniping tokens requires precision and swiftness. Here’s a concise roadmap to mastering the art of sniping using the Snipe Monitor feature:

Step 1: Access the Bot

  • Navigate to the SolanaTradingBot using the following link: SolTradingBot

Step 2: Token Contract Submission

  • Paste the token contract of your desired token into the Bot’s interface. Sit back as the Bot furnishes you with all the pertinent information regarding the token.

Step 3: Choose Your Snipe Amount

  • The Bot extends options for selecting the amount of $SOL you wish to allocate for sniping the token. Alternatively, you can manually input the desired amount.

Step 4: Await Pending Transaction

  • The Bot takes charge by pinning a pending transaction for the sniping endeavor. Now, all that’s left to do is await the token launch, confident that the Bot will execute the purchase on your behalf.

Step 5: Snipe Confirmation

  • SolTradingBot will promptly notify you of the snipe’s outcome, indicating whether it was successful or not, based on the project’s settings.

For a triumphant sniping experience, pay heed to two crucial factors: Slippage and Tip.

Slippage Optimization:

  • To optimize your sniping endeavors with SolTradingBot’s Snipe Monitor, fine-tune the slippage tolerance settings in accordance with prevailing market conditions. Adapting slippage tolerance mitigates the impact of price fluctuations, augmenting the accuracy of your trades. (Pro tip: Consider setting the slippage as high as 500-1000% for a successful snipe.)

Tip Consideration:

  • Harness the power of the Snipe Monitor feature by offering a voluntary tip to the block builder. This tip serves as an incentive, potentially expediting transaction processing and ensuring swifter execution, especially during periods of heightened demand.

With these insights and steps at your disposal, you’re equipped to navigate the intricacies of token sniping with finesse and efficiency.

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