> For the complete documentation index, see [llms.txt](https://docs.feel.cash/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.feel.cash/launch/trade-feeling.md).

# Trade Feeling

Design a coin’s Trade Feeling on Feel.cash. Learn how liquidity curves, presets, and launch previews shape the way its market responds to trades.

**Every coin has a feeling. Design yours.**

Trade Feeling is the shape of a coin's liquidity curve: how its liquidity is distributed across price ranges and how the market responds as people buy and sell.

## Draw the curve. Shape the trade.

During launch, choose a supported preset or shape the curve directly. The preview translates that choice into a market configuration and shows how liquidity is distributed across the journey.

Trade Feeling can change how quickly price moves through different ranges. It does not schedule trades, manufacture demand, guarantee liquidity, or force the market to follow the preview.

## Read the preview

The preview can estimate valuation ranges and the net buying needed to move through them. These values can change with:

* the live price of the paired asset;
* onchain tick spacing and rounding;
* fees and opening protection;
* routing and price impact; and
* other market activity.

Treat the preview as a description of the curve, not a price target.

## Default examples

The default Trade Feeling starts at approximately **$10,000 FDV**. The table below shows the estimated cumulative net buys needed to reach each level.

| Target FDV | Estimated net buys |
| ---------: | -----------------: |
|       $50K |             ≈$9.8K |
|      $100K |            ≈$21.1K |
|      $500K |            ≈$67.5K |
|        $1M |             ≈$116K |
|       $10M |             ≈$418K |
|      $100M |             ≈$927K |
|        $1B |            ≈$4.34M |

## Advanced mode: Degen

Trade Feeling also includes **Degen**, a hidden advanced mode for experienced devs. It uses a fixed, pump.fun-inspired liquidity curve with more token-side liquidity in the early price ranges, so the market moves through more supply before the curve steepens.

Degen starts at approximately **$2,500 FDV**, uses WETH as its pairing, and sits outside the normal Trade Feeling editor limits. Its distribution is fixed and cannot be customized.

[Learn how to unlock and use Degen →](/launch/trade-feeling/degen.md)

## Frozen at launch

Feel.cash validates the selected curve before deployment. Once the coin is live, its Trade Feeling is immutable. New presets or future product updates do not alter existing markets.