Research the project's historical liquidity data on platforms like Dune Analytics. Notice when trading volumes spike. Start with a small amount, say 10% of the capital you're willing to risk. Monitor project announcements on Discord or Telegram. Calculate potential rewards based on the project's token distribution plan. For example, if a project rewards 1% of new tokens to liquidity providers and the total new tokens are 1 million, with your share of liquidity being 0.1%, you can estimate your reward.