Australian crypto queen Eunice Wong has revealed how she paid for her Los Angeles vacation on two trades that lasted less than an hour during a massive pump by a little-known altcoin last week.

The huge rally in NuCypher was sparked Friday when Korean exchange Upbit listed the ERC-20 token, causing the privacy-preserving infrastructure coin to surge from US29c to $2.51 in just six hours on October 15.

The NuCypher trade

Wong didn’t know anything about the token, and didn’t manage to get in on the ground floor. She bought it when it had already pumped 500 per cent.

“It’s a dangerous move if people don’t know what they’re doing … like if they just hop in because it’s going (up) and don’t know when to sell. It’ll burn hard,” she told Stockhead.

But the set-up looked good for a “minute trade,” said Wong, a breakout pattern specialist who normally trades on much higher timeframes.

She live-tweeted the trade to her more than 25,000 followers on Twitter.

Note Wong’s set-up here. She’s used Tradingview to set up an alert for when the NU crosses the yellow line, signifying it has broken out of an accumulation phase following the first big pump.

Here’s the next chart she tweeted.

NuCypher on the 30-second charts.

The pump continued.

Wong entered the trade on Binance when Nu was already up 500 per cent, selling 20 minutes later for a quick 22 per cent profit.

But she wasn’t done, re-entering the trade less than a half-hour later.

NuCypher on the 30-second charts.

The green and red rectangles on the charts above show how where she bought and sold. She bought at $1.75 at 8.15pm and sold at about $2.45 around 8.35pm … then bought again at around $2.40 a little before 9pm.

Wong told Stockhead she sold a half-hour later for an additional 45 per cent profit. (She didn’t want us to say exactly how much she made on this trade, but let’s just say it should more than cover the cost of her LA holiday.)

As you can see from these charts, Wong just trades using the same system over and over again. When you have something that works for you, why mess with success?

She describes the pattern as an “ascending triangle/pennant flag”. (The flagpole is on its side, with its triangular fabric pointed up.)


 

Don’t (necessarily) try this at home

“Using the same breakout pattern and system may create opportunities for some quick cash in day trading,” says Wong.

But, she adds, “I’m not advising anyone to do the same nor I would recommend anyone to try this especially when one is not experienced in trading.”

Newbies should especially never engage in day trading, says Wong, adding that she’s just trying to highlight her own experience to show that it can be done.

“I had extra capital laying around so I decided to use it for a quick flip,” she told Stockhead.

“People shouldn’t sell other positions to head into a coin that’s going on a crazy pump. That can be suicidal.”

While the trade was “intense and tiring,” Wong said she wasn’t nervous about it.

“It was just for quick fun and it paid for my flight!”

While she is usually an ardent user of stop losses, in this case Wong didn’t use them because she was watching the trade. She applied her normal rule of taking partial profit once she was up 20 per cent.
 

KEEP on pumping

Wong also had success with Keep, although that wasn’t nearly such a quick trade.

(Currently the No. 186 crypto, the Keep Network functions as a privacy layer for public blockchains.)

Wong noted the set-up back on October 7.

KEEP on the daily charts.

And Keep broke out of its accumulation phase with a monster pump also on October 15 (shortly before Wong was due to catch a flight from Perth to Los Angeles. “How am  I gonna board flight tonight?” she tweeted.)

The green rectangles on the chart below represent her buys; the orange, partial sells.

 

Nimiq takes off

Nimiq (NIM) was another hot payoff earlier this month. Wong tweeted the set-up on October 7, saying the tiny browser-based cryptocurrency “looks about ready”.

Sure enough, it was up 110 per cent just a day later.

“What’s the reason? I don’t know,” Wong tweeted.


 

Crazy for 2Crazy

Here’s one more set-up that Wong tweeted on Sunday, October 17.

It’s for a tiny coin called 2crazyNFT, an eSports NFT platform. The crypto on Friday was ranked No. 1275 on Coinmarketcap, with a market cap of just US$5 million.

Wong was at the gym on Thursday when the coin pumped more than 200 per cent. “God damn!” she wrote on Twitter.

Again, the bright green rectangle on the chart below is her buy, while the orange ones represent where she took partial profits.


 

What’s next?

In answer to the obvious question, Wong says she’s got her eye on Algorand (ALGO) and Solana (SOL), as well as the lesser-known decentralised machine learning network coin Fetch.ai (FET) and bZx Protocol (BZRX), a token for leveraged trading.

“Super coins with epic setups,” she tweeted over the weekend.

Her bags are also ready for Elrond (EGLD), FTX Token (FTT) and Hedera Hashgraph (HBAR).

“They’re quality coins and good breakout patterns,” Wong told Stockhead.

They’re still at base level, she said on Thursday, which means the set-ups are still valid.

The views, information, or opinions expressed in the interview in this article are solely those of the interviewee and do not represent the views of Stockhead.

Stockhead has not provided, endorsed or otherwise assumed responsibility for any financial product advice contained in this article.

For more crypto content, follow Eunice on Twitter and Instagram, the author on Twitter and Stockhead’s new Coinhead account on Twitter. Also, join our Coinhead Facebook group to discuss all things cryptocurrency

 

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