BTC got rejected at a critical level ($80K) and crypto markets are pulling back after a solid rally.
Such pullbacks create opportunities, if you know what to look for and where to find them.
Good news is that altFINS was built just for that purpose. To scan thousands of assets and find trading opportunities in just a few seconds.
In today’s trading video, our CEO, Richard Fetyko, explains 2 strategies for “buying dips” using 2 market scans:
Aggressive approach: buy assets in Uptrend that pulled back to support (see live results). Offers bigger profit but with bigger risk.
Conservative approach: buy assets in Uptrend with confirmed support and a bullish inflection in momentum (see live results). Offers lower profit potential but with lower risk.
After he identifies potential trade ideas, he uses the AI Trade Setup tool to help with trade entry, price targets, stop loss and risk:reward ratio.
Prices often bounce off of key support levels and resume their uptrend.
It’s a great way to “buy the dip” and jump on an established uptrend.
VIRTUAL (Virtual Protocol) is an example from scan results. It’s in an Uptrend, pulled back to support and 200-day Moving Average (200 SMA):
Source: altFINS Screener
TIP: Save that custom scan for future reuse. Create an Alert to get notifications of assets that fit this trading strategy.
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If you’re an existing member with Essential and Premium Annual plan or any Lifetime plan, email us requesting $10K challenge at [email protected]
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