It has been another incredible week for crypto traders, as Bitcoin established a strong foothold around 100K and above, and altcoins took advantage of this strength to register massive gains. Astute traders who played the market had the opportunity to take advantage of this historical volatility and make substantial gains.
In trading, discipline, patience and skill are all needed to succeed. But there is a fourth element that’s needed, and that is experience, for which there is really no substitute.
This is why even highly dedicated and skillful traders who lack the necessary experience choose to rely on a mentor, with a history of achievement.
Such an experienced trader is Andre Outberg , whose signal service is helping many get closer to the financial goals of their trading career. Through his Telegram channels where he is posting live traders, Andre offers a transparent, honest, clear-cut approach to executing trades on the immensely profitable, albeit risky, cryptocurrency market.
This past week has been particularly successful for Andre, and he posted a summary of the results in his Telegram trading channel . Coins such as RSR, XVG, MOODENG and FUSDT provided gains in the dozens and hundreds of percentages. Following are the summary results for the week starting on December 2 and ending on December 6, 2024.
Let’s take a minute and analyze some of these projects.
RSR
Reserve Rights
Reserve Rights (RSR) is an ERC-20 token integral to the Reserve Protocol, a platform that enables the creation of asset-backed stablecoins known as RTokens. RSR serves two primary functions within this ecosystem: it provides overcollateralization for RTokens through staking, and it facilitates governance by allowing holders to propose and vote on changes to RToken configurations. By staking RSR on specific RTokens, holders can earn a portion of the revenue generated from the underlying collateral, while also acting as a financial backstop in case of collateral default.
Recently, RSR experienced a significant price surge, attributed to speculation that Paul Atkins, a former U.S. Securities and Exchange Commission (SEC) commissioner and early advisor to the Reserve Rights Foundation, might be appointed as the next SEC chair. This potential appointment has been viewed favorably within the cryptocurrency community, leading to increased investor interest and a notable rise in RSR’s market value.
As of December 8, 2024, RSR is trading at approximately $0.01766, reflecting its dynamic position in the crypto market.
Andre traded RSR and achieved a profit of 50.96% by going short on the correction of the recent strong spike.
We want to mention that this project happens to be a good bet for a long term investor, due to the strength of the team behind it, and due to the token already being used in several countries.
MOODENG
Moo Deng (MOODENG): The Meme-Inspired Crypto Sensation
Moo Deng (MOODENG) is a meme-inspired cryptocurrency launched on the Solana blockchain. Its creation was influenced by the viral fame of a baby pygmy hippopotamus named Moo Deng, born in July 2024 at Thailand’s Khao Kheow Open Zoo. The calf’s adorable appearance and playful antics captured the hearts of internet users worldwide, causing a surge of online interest. Her name, “Moo Deng” (หมูเด้ง), meaning “bouncy pork” in Thai, became synonymous with cuteness and charm. The zoo’s social media presence amplified her fame, drawing thousands of visitors eager to see her. Due to the overwhelming attention, the zoo implemented strict measures, including enhanced security and limited viewing hours, to ensure her well-being.
Capitalizing on her viral popularity, developers created the MOODENG token on Solana, aiming to merge internet culture with the ever-growing world of digital assets. MOODENG quickly attracted investors drawn to its meme-based appeal and the potential for speculative gains. The token’s market activity gained significant momentum when Coinbase announced plans to list MOODENG, triggering an 80% price surge within an hour. As of December 8, 2024, MOODENG is trading at approximately $0.00013197, with a 24-hour trading volume of $4.4 million and a market capitalization of $58.51 million. Despite reaching an all-time high of $0.0004208 in November 2024, its value has since dropped by around 70.11%, reflecting the inherent volatility of meme coins . This phenomenon highlights the unpredictable nature of crypto markets, where viral trends can drive sudden surges and equally sharp declines.
Andre Outberg obtained a profit of 79.77% this week trading MOODENG, through the trades he shared live in the Telegram channel.
ORCA
Orca is a decentralized exchange (DEX) operating on the Solana blockchain, designed to facilitate swift and cost-effective token swaps through an automated market maker (AMM) model. Co-founded in 2021 by Grace “Ori” Kwan and Yutaro Mori, Orca emphasizes user-friendly interfaces and efficient trading experiences. The platform’s native token, ORCA, serves as a governance token, enabling holders to participate in decision-making processes that shape the platform’s future.
On December 6, 2024, Binance, a leading cryptocurrency exchange, announced the listing of ORCA, which led to a significant price surge. Following the announcement, ORCA’s price increased by over 90%, reflecting heightened investor interest and market confidence.
As of December 8, 2024, ORCA is trading at approximately $6.15, with a 24-hour trading volume of around $122.9 million. This development underscores Orca’s growing prominence in the decentralized finance (DeFi) ecosystem and its commitment to providing accessible financial tools on the Solana network.
Andre obtained a fanastic 122.70% profit this week trading ORCA to the downside.
Crypto Whale Pumps: Andre Trading Journal Plays & Results: 2nd of December to 6th of December
Profit:
ROI: +3616.14% ⭐️⭐️
Total Portfolio Increase: +72.31% ⭐️⭐️
Trades:
Trades Called: 16
Trades Won: 16
Trades Lost: 0
Success Rate: 100% ⭐️⭐️
Trades:
– Luce: +60.03%
– FIO: +40.21%
– RSR: +50.96%
– MORPHO: +307.87%
– RSR: +204.06%
– CHESS: +339.62%
– 1000000MOG: +502.59%
– A8: +21.46%
– MOODENG: +293.93%
– MOBILE: +120.84%
– XVG: +520.95%
– MOODENG: +79.77%
– FUSDT: +422.84%
– ORCAUSDT: +122.70%
– AMBUSDT: +53.27%
– MAVIAUSDT: +20.59%
What It Takes to Be a Successful Crypto Trader
Being a successful crypto trader isn’t about knowing how blockchain works—it’s about knowing how the market moves. The key is understanding price patterns, trends, and how traders react to news or market changes. Successful traders spend time studying charts, spotting trends, and using tools like moving averages and RSI indicators. They’re always on the lookout for buying or selling signals and know how to time their trades based on what the market is doing, not on tech jargon or blockchain fundamentals.
Risk management is where pros stand out from the rest. Crypto is a high-stakes game with massive price swings. Smart traders never put all their money into one trade or coin. They use stop-loss and take-profit orders to lock in gains and cut losses early. They also know when to sit on the sidelines if the market looks shaky. The best traders have a plan and stick to it, knowing that making steady, smaller wins beats chasing risky jackpots.
Staying calm under pressure is probably the hardest part of trading. When the market pumps, it’s easy to jump in because of FOMO. When it dumps, panic selling feels like the only way out. Successful traders keep their emotions in check and trust their strategies. They accept that losses are part of the game and learn from every mistake. Trading is a mental battle—those who can stay disciplined and adapt to the market’s moves end up ahead in the long run.
Put aside half an hour and give this a watch. Some really essential basics in here.
In terms of strengthening one’s trading skills, Andre gives frequent advices . This video was recently recommended synthesizes some of the main concept one needs to master to become good at technical analysis:
Related News
- Best Low Market Cap Crypto to Buy
- Best Crypto Trading Signals – Free Telegram Buy and Sell Signals
- 10+ Best Meme Coins to Buy – 2024 Guide
- Signals on Meme Coins Succeed with High Accuracy
