Hi trader,
On Oct 7 and 8 we covered bearish breakdowns, and BTC followed through. Last night it fell below $81K, and about $800M in leveraged positions were wiped out, 86% of them longs.
But while most charts were breaking down, a few were breaking up.
👉 Run the scan: Resistance Breakout in Uptrend → see live market scan
Why a breakout in a falling market matters more
In a rising market, many coins break out just because the market is rising. When a coin breaks resistance while Bitcoin drops, buyers are choosing that coin specifically. That’s relative strength, and these coins often lead when the market recovers.
Coins breaking out in an uptrend today:
TIA: +27% this week. It’s breaking $0.60 resistance, and the analyst target is $0.70 (+15%)
RENDER: Back above $2.00 resistance and holding above its 200-day SMA
PYTH: +5% this week, Strong Up trend
STX: +12% this week, but RSI is 72, so it’s stretched
Two ways to trade it
Aggressive: Enter on a daily close above resistance. You catch the whole move, but some breakouts fail.
Conservative: Wait for price to pull back to the old resistance and hold it as support. That’s the retest. The upside is smaller, but you have a clear stop just below that level.
Three filters before you buy
Trend: Medium-term trend must be Up or Strong Up. A breakout in a downtrend is usually just a bounce.
RSI under 70: Don’t chase coins that are already stretched.
No large unlock this week: STRK was up 65% on the week, then fell over 15% in a day ahead of its unlock.
Stocks are showing it too
Tokenized Microsoft, Visa and the S&P 500 ETF are making new 20-day highs while crypto pulls back. Relative strength works across markets, and our new Market Screener for stocks and forex is coming soon.
Scan 200+ tokenized stocks on altFINS →
One risk: US CPI on Thursday
Breakouts can fail on news days. Trade smaller positions and set an alert at the breakout level. How to set an alert →Building an trading algo, app, AI Agent, or dashboard?
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The altFINS Team
Not financial advice