🌎 Crypto Trading Strategies Yield 83.91% Return in Recent Analysis

Global Crypto News has recently initiated a “Chart of the Week” series every Friday to highlight potential trades with significant gains. Over the past month, five cryptocurrencies appeared promising, resulting in seven trades, both long and short. The total portfolio return ended positively.

Below are two tables summarizing the trading activities over the past month. The first table outlines each trade, specifying the tokens selected and the type of trade conducted:

Trading Activities Overview

Cryptocurrency	Trade 1	Trade 2
LIDO	SHORT	LONG
BONK	LONG	N/A
OM	SHORT	IGNORED
NOT	LONG	SHORT
WIF	LONG	N/A

Percentage Returns from Each Trade

Cryptocurrency	Trade 1	Trade 2
LIDO	11.62%	7.5%
BONK	20.93%	N/A
OM	-5%	N/A
NOT	9.03%	11.24%
WIF	10%	N/A

Careful analysis of market trends and token positions led to success in determining movements 6 times out of 8 predictions, with 7 of these predictions resulting in trades. Two trades involving OM failed, as the token’s price surged instead of declining, triggering the stop loss and causing a 5% loss. This led to abandoning the trade, making both predictions incorrect. Therefore, 6 trades succeeded, and 1 trade failed.

Overall, the success rate was 85.71% in trades and 75% in predictions. With an initial $1,000 allocated to the first trade and all returns reinvested, the portfolio generated a total return of 83.91% or $839.11.