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Trader Made $2.8 Million Worth of Crypto in Just 1 Year ♨️
A Binance User Wrote on Binance Square
"I entered the crypto world with no money and now have $2.8 million. A year ago, my investment was only $8,000. It's been six years since I started in crypto, and for five years, I faced challenges until I mastered altcoin trading. Here's my strategy 🧵👇
➮ My crypto gains over the past year: $2.8M from $8k
Most of my profits came from altcoin trading, not from $BTC or $ETH.
Today, I'll share my strategy for identifying valuable coins. You'll thank me later. 👇
➮ The strategy revolves around three key elements:
- Understanding Crypto Market Psychology
- Tracking Insider Wallets
- Identifying Undervalued Projects
Mastering these will lead to 100x profits or more in this market cycle. Let's explore each element:
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1/➮ Understanding Crypto Market Psychology
✧ Crypto markets follow emotional cycles.
✧ Human psychology remains consistent, leading to market patterns.
Buy during panic phases, especially in a bullish market.
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2/➮ Embrace Fear, Avoid Greed
✧ This rule alone can yield significant profits.
✧ Despite its known benefits, many sell during fear and buy during greed.
Understand this and act contrarian.
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3/➮ Insider Trading Insights
✧ Consider this example:
✧ I discovered a wallet that purchased $POPCAT at launch for $140, now valued at $155M.
While some assume it's developers, I suspect insider trading.
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4/➮ How to Identify Insider Trades?
✧ Use dexscreener.
✧ Explore popular tokens.
✧ Analyze Top Traders.
✧ Look for substantial early purchases.
✧ Duplicate their trades using alphatracexyz.
Wallets should show $500k+ PNL and a 60% Win rate.
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5/➮ Identifying Undervalued Projects
✧ Start with @CoinMarketCap or @coingecko.
✧ Select 20-30 tokens of interest.
✧ Use Dropstab_com to evaluate:
- Investors
- Twitter Followers 🫡"
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