Last Week’s Hottest Token …

by | Feb 12, 2023 | Crypto

Howdy traders, it’s Matt here.

Happy Sunday.

Last week we saw an impressive example of crypto strength in the lower-priced niche.

Take a look at this chart of BeeChat (CHAT), the Ethereum token ran +900% …

CHAT chart 15-minute candles Source: Bitcoin.Wisdom.io

When it comes to low-priced tokens like this … every big spike like this will eventually fail. 

But there are great opportunities to profit along the way.

Let me show you … 

Multiple Chances

We can make money on the way up and the way down.

I learned these patterns from Sykes, so before I get started, all credit goes to the OG himself.

Now, on the front half watch for consolidation above support lines. The idea is to buy in that consolidation and sell into the breakout.

Here’s a chart … 

CHAT chart 5-minute candles Source: BitcoinWisdom.io

These are quick trades.

It’s not a good idea to expose your account to this volatility for prolonged periods of time.

Especially since the spikes usually come crashing down eventually.

And incredibly, that actually gives us new opportunities to profit …

CHAT chart 5-minute candles Source: BitcoinWisdom.io

Three great profit opportunities in one spike.

And best of all, they’re relatively safe.

If the price falls below support, cut the trade for a small loss and move on.

Losses are part of the journey. But if we control the losses and focus on the hottest setups, we’re in a great position to profit.

And right now, I’ve got eyes on a huge potential spiker.

It hasn’t started moving yet … but that’s the beauty of it. I’m ready when it decides to start running.

I wrote up a whole report on the play.

Keep your eyes out for more big spikers.

I’ll see you in the next letter.

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