I would like to share a strategy of ambush with on-chain monitoring. I personally often use this strategy to make profits. As of the 26th, GMT has made a profit of 28 points.
First of all, I usually use tradingview to detect whether the currency contract positions of Binance have changed (coinglass and coinank have similar functions that can set alarms by themselves) or monitor the coins that whales are buying through lookonchain. The purpose of this step is to screen the currencies that may be highly controlled at present, and the possibility of explosion will be greater. On the 26th, I saw a wave of explosion in the contract position through my trading view monitoring, but the currency price did not fluctuate. At this time, I set GMT as one of the currencies I focused on observing.
The bottom line in the figure shows the change in contract position. It can be seen that the position skyrocketed at 4 pm on the 26th, but the price did not fluctuate.
Secondly, I first input gmt into arkham to observe the currency holdings of the addresses that have recently bought large amounts. I saw that there were addresses with large positions in the last 24 hours and the last seven days, and monitored their addresses. Later, I found that these large positions had been buying and hoarding in the last 24 hours.
The monitoring alert of the address here can use Arkham's alert function, directly input the target monitored address, and as long as there is a transaction in the address, it will be directly forwarded to your Telegram or email, which is free and very useful. In addition, an address was found to have withdrawn $12 million of GMT from Binance in 20 minutes on the 25th https://etherscan.io/token/0xe3c408BD53c31C085a1746AF401A4042954ff740?a=0xc7e73afcda8f00525dab82b76433806790501c77
By the time I bought it, the total amount of money withdrawn by the whales from the exchange in those two days had exceeded the amount of the Binance hot wallet at that time. In the short term, these whales would not allow the price of the currency to fall, so it was inferred that the profit and loss ratio of buying at this time was very high. After discussing with a few friends, we entered the position.
