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How to profit from Smart Money wallets

How to profit from Smart Money wallets
CryptON
28/08/2024
Authors: CryptON
#Wallets

Our client shared their case on how they managed to earn money using our product - wallet search by filters.

On August 17th, I was looking for an asset that had significantly corrected from its highs and showed signs of being oversold. I focused on the Pepecoin token, which had corrected by 76%. Before buying, I decided to check if Smart Traders were buying the token. Using wallet search by filters, I found an address with a realized PNL of more than $4M over time. The wallet owner showed interest in the meme token that day. This gave me additional justification to enter the trade. I followed Smart Money's purchases and soon took a profit of +80%.

How to analyze an altcoin chart

When choosing an altcoin, I studied its chart:

How to profit from Smart Money wallets
Figure 1 - Pepecoin/USDT 1D chart on MEXC exchange

At the time of analysis, the altcoin had corrected by 76% from its highs. Additionally, observing the indicators, particularly the stochastic oscillator, I noticed signs of being oversold:

How to profit from Smart Money wallets
Figure 2 - Pepecoin/USDT 3D chart and stochastic oscillator on MEXC exchange

How to find Smart Money wallets

Before buying, it was important for me to make sure that there were experienced market participants who were also buying the asset. To check this, I used the wallet search by filters.

I filled in the search fields with:

  • Token being purchased - Pepecoin
  • Time range - 17/08/24
  • Minimum volume - $10K

I analyzed the following wallet from the search results:

How to profit from Smart Money wallets
Figure 3 - Filtered wallet search result by ArbitrageScanner user

You can check the request results here.

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