Smart Money Sells 1623 ETH at $3122: Analyzing the Swing Trading Strategy with 82.3% Win Rate

On November 21, 2023, COINOTAG reported significant activity in the Ethereum market as noted by monitoring account @ai_9684xtpa. The so-called Smart Money, boasting a remarkable 82.3% win rate in swing trading, executed the sale of 1,623 ETH at approximately $3,122, translating to a transaction value nearing $5.07 million. This strategic liquidation highlights a tactical exit aimed at minimizing losses, as the sale occurs nearly at breakeven. Previously, during the 18th swing, this group had accumulated a substantial position, acquiring 10,528 ETH at a price of $3,121. Currently, they are holding onto 8,905 ETH, reflecting an unrealized profit that remains below $10,000. Such maneuvers underline the careful risk management employed by seasoned traders within the volatile cryptocurrency landscape.