$THE Strategic and Operational Analysis of Trading in the Cryptocurrency THENA
-The cryptocurrency THENA has demonstrated a cyclical pattern that I have observed.
Below, I detail my strategy and results, incorporating additional elements about the behavior of this cryptocurrency.
Behavior of THENA and Market Phases
THENA, like many cryptocurrencies with high volatility, tends to follow a structured cycle that can be described in the following phases:
Accumulation and entry of whales: During this stage, large investors accumulate positions at low prices, establishing a strong support in the market. Price movements are usually minimal, generating a false perception of stability. Euphoria phase:
Once THENA reaches a resistance level, speculative interest is activated, driving the price to highs. It is typical for whales to begin liquidating their positions, generating selling pressure.
Massive sell-off and depression phase: After the euphoria, the market enters a pronounced corrective phase. Retail investors, driven by fear, begin to liquidate their positions, bringing the price to minimal levels. This moment is crucial, as it becomes an ideal accumulation zone for new strategic entries.
Operations Conducted in THENA
My three operations conducted in THENA have followed this cyclical pattern, allowing me to maximize profit in each phase:
First operation:
Buy at $1.80. Sell at $4.01. Result: Profit of 123%. During this operation, THENA reached a peak of euphoria after the entry of retail investors, followed by a drop that marked the depressive phase.
Second operation:
Buy at $2.90. Sell at $3.80. Result: Profit of 31%. The second operation showed a similar dynamic, confirming THENA's repetitive pattern.
Third operation (current):
Buy at $2.94. Target sell: $3.50-$3.60. Strategy:
Strategy: Take advantage of the upcoming euphoria cycle before a potential correction.
