Kaspa (KASUSDT) is one of the best performing pairs in the Cryptocurrency space and for this we advise, caution.
➖ There are many different approaches we can use to trade Cryptocurrencies. ➖ There are many different methods we can employ to read charts. ➖ There are many great tools available for us to use but, when it comes to the pairs, which ones will you choose?
We looked at Kaspa a month or so ago and we said, "No!" Based on the chart.
The reason is that the pair had already grown too much. Even if it keeps on growing, the growth would be minimum compared to the potential growth other pairs trading at bottom have to offer.
➖ KASUSDT produced a pick November 2023. I did a small retrace and sideways consolidation and then a new high.
Here is the thing, from peak to peak, November 2023 vs February 2024, Kaspa (KASUSDT) grew less than 23%. It took the pair more than four months to achieve this milestone.
At this same time, hundreds and hundreds of pairs grew between 100% and 900%. Some pairs grew 1,000%, 2,000%, 3,000%, 4,000%, etc.
Why is this?
Because Kaspa had already grown by 11,800%+ between October 2022 and November 2023, so there isn't much room left for additional growth.
As for the bearish side, there is plenty of room available for prices to drop.
Pairs like this, we look at them for selling/short or taking profits.
➖ When prices are high up, we either stay away or sell, regardless of the pair. ➖ When prices are down, we look to buy and hold long-term, until the bullish action develops and pays up. When prices are high, we sell and collect profits multiplying our Bitcoins. Wait for the Bitcoin wave and sell Bitcoin at the top.
➖ With the Altcoins you can multiple your BTC. ➖ With BTC you can multiple your USD. ➖ With USD you can buy your lambo, your jet, your yatch, your mansion, your beach.
But it can take lots of hard work and dedication... Are you ready for a challenge? Do you believe you too can win?
Trading can be profitable and fun but not necessarily easy. Trading can be done if approached in the right away. It is easy to win trading Cryptocurrency if you read everything we have to say.
Thanks a lot for your continued support.
There are endless opportunities, there is no need to rush.
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