Crypto market pulled back!

But many altcoins are still in a strong uptrend.

Even in an Uptrend, prices never go straight up, day after day.

There are times when price consolidates, pulls back, and then resumes an Uptrend.

Such corrections are opportunities to join a trend.

Use altFINS to quickly find such trading opportunities: SOL, HBAR, AR, JUP, AKT… (see all results)

Market Scan: Pullback In Uptrend

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Uptrends are likely to continue because:

1) Institutional buyers are piling into Bitcoin ETFs (pushing up BTC price),
2) Bitcoin halving is reducing new supply,
3) Ethereum ETF approval,
4) Crypto regulatory environment is improving ahead of November Presidential elections.

One of the best strategies during an Uptrend is to “Buy dips” or “Pullbacks in Uptrend”.

Because assets in an uptrend have a tendency to resume their uptrend after a temporary pullback.

Pullbacks can often provide opportunities to jump on an established trend. It’s difficult to catch a trend in early phases and conservative traders prefer to jump in midstream, once a trend is established.

We teach the Pullback in Uptrend strategy in Lesson 3 of our new Crypto Trading Course, which includes 10 lessons, 40 videos, notes and quizzes covering 7 trading strategies, leverage trading, short selling and risk management.

Trading rules of this trading strategy are:

• Find coins in an uptrend that pulled back in the last 7 days (1W)
• Visually check charts to identify nearest support level
• Buy near support level

Solana (SOL) – Bullish, Pullback in Uptrend

Trade setup: : Price is in an Uptrend. Pullback near $160 support and long-term up trendline ($143) could be an attractive swing trend entry in Uptrend, with +25% upside to $200. Stop Loss (SL) level at $140.

See more Trade Setups

altFINS helps you identify coins with Pullback in uptrends in few seconds…

You can find such trading opportunities in three sections:

1. Screener > Pre-set Filter > select Pullback (1W) in Uptrend

2. Signal Summary

3. Technical analysis

Pullback in Uptrend is a technical analysis term used in crypto trading to describe a price movement where a coin experiences a temporary reversal in price, before continuing its upward trend.

In this strategy, traders look for opportunities to enter the market at a lower price during the pullback, with the expectation that the asset will continue its overall upward trend and eventually reach higher prices.

The basic idea behind this strategy is that market participants tend to overreact to short-term fluctuations in price, causing temporary dips or pullbacks in an otherwise bullish market.

As a result, traders who can identify these pullbacks can buy the asset at a lower price, with the expectation that it will continue its upward trajectory.

To implement this strategy, traders typically use technical indicators such as moving averages or trendlines to identify key support levels and potential entry points.

Once they have identified these levels, they can set buy orders at a lower price, with a stop loss set at a level that will limit their losses if the market turns against them.