Date: 15-10-2024
Technical Analysis:
Read charts like never before with Flow Chart Diagram .Stay tuned and watch the levels closely for any signs of a breakout or breakdown!
1️⃣ Hunt for Pumped Projects 🔍
Start with Dexscreener to spot projects that recently exploded in price.
2️⃣ Study the Top Traders 📊
Go to the "Top Traders" section and look for wallets with sizes and entries matching your trading style.
3️⃣ Analyse Wallet Performance 🧠
Use Dexcheck’s free wallet analyser to see their win rate and patterns.
📈 Smart Wallet Win Rate: Aim for 20-40% win rate (consistent traders).
4️⃣ Match Trading Styles with Yours 🛠️
If a degen wallet trades 100+ times daily and you make 10 trades a day—❌ it’s not a match.
5️⃣ Track Key Wallets Only 📥
Limit your focus to 10-15 wallets to avoid noise—too many wallets dilute insights.
6️⃣ Use Alerts for New Trades 🔔
Use tools like Etherdrops to get real-time alerts for new trades from key wallets.
7️⃣ Create and Test Trading Criteria 🧪
Define a trading strategy—test if signals align with your criteria, or move to better wallets.
8️⃣ Be Aware of False Signals ⚠️
Not every signal will hit—learn to balance risk and reward.
9️⃣ Exit Strategies are Key 🏁
Profit-taking is critical. Even winning 1/10 trades can make you profitable—track your performance through journaling.
🔟 Use Proper Risk Management 🧑💼
Example:
If a tracked wallet uses 5 ETH for 2x, but you only use 0.5 ETH, the risk-reward won’t align.
Look for wallets with a similar portfolio size to yours.
Bonus Tips for Alpha Hunters 🏹
Journal trades to learn and grow from mistakes.
Understand market trends—know when it’s in your favour and when to stay out.
Avoid copy-pasting every trade—analyse entry & exit patterns instead.
💡 Pro Tip:
Track whales accumulating low-cap gems—these wallets often know when a parabolic run is coming! 📈
❤️ If This Helps:
👉 Like, Follow, Repost 🐦
📌 Not Financial Advice but definitely Alpha-Hunting Wisdom!
