Pro trader Dentoshi on how to spot crypto outperformers early
Main Idea
Dentoshi discusses strategies for identifying high-performing assets in a fast-moving market, emphasizing early positioning, chart structure, and sector leadership.
Key Points
1. Early positioning in high-conviction opportunities is crucial for traders to capitalize on market movements.
2. Key indicators for outperforming assets include chart structure (reclaims of key levels, clean EMAs, high-quality breakouts) and sector leadership.
3. A case study of SUI in mid-2024 highlights the importance of early strength against the trend and reclaiming major resistance levels.
4. Dentoshi advises a balanced approach to entry strategies, suggesting scaling in early and building size as confirmation comes, rather than committing fully at once.
5. A checklist for spotting early opportunities includes tracking narratives, monitoring price vs. value disconnects, and exiting when trends break or assets overextend.
Description
In our latest Kraken Trading Spaces, Dentoshi unpacked one of the most valuable edges in trading: Spotting outperformers before the rest of the market does. With the crypto markets in a period of chop, earnings season heating up and broader macro catalysts in play, Dentoshi shared timely insights on how to identify early winners before they start to fly. Here are the key takeaways from our conversation. Pick Winners in a Fast-Moving Market w @dentoshi https://t.co/ZbfQ8q09VN — Kraken (@krakenfx)...