After a brief pullback, altcoins are breaking out again!
Our Hot trade setup (XMR breakout) that we highlighted in a newsletter two days ago (see here) is up 8%
Here’s a market scan that identifies assets with a recent breakouts above their resistance: see results. (be sure to save it and create an alert. See tutorial video on how).
What’s even better is when a resistance breakout happens in an Uptrend. That’s because trading with the trend (trend is your friend) generates higher winning rates for traders.
altFINS makes this easy, since we have trend ratings and automated support and resistance for over 2,000 assets!
Here’s a market scan that finds assets with a breakout AND in Uptrend: see results.
Here’s one of the results:
TAO is in an uptrend based on altFINS trend ratings.
It's now broken through a clear resistance at $250 and seems poised to continue its Uptrend.
How far?
To find potential price targets for this breakout, we look for the nearest resistance levels or recent highs.
Next major resistance is $290
Go ahead and try this market scan and create an alert for it!
You can find over 130 Pre-set market scan on the Screener:
Good luck trading and join us in VIP group.
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