ENS Breakout! How to trade it
Amidst the recent market downturn, a few rare assets continue to display strong uptrends across short, medium, and long-term horizons. This indicates a significant demand from buyers that outpaces the supply from sellers, causing prices to surge. The key to successful trading lies in recognizing and leveraging these trends, which tend to persist over time.
Discover Assets in Strong Uptrend with altFINS
Source: altFINS
Finding assets in an uptrend or strong uptrend has never been easier, thanks to altFINS’ robust platform. With just a couple of clicks, our Pre-Set Filters in the Crypto Screener can help you identify these rare gems. Our platform continuously updates trend ratings for over 3,000 assets, ensuring traders have the most current information to make informed decisions.
Pre-Set Filters on Crypto Screener
One standout asset in our Strong Uptrend filter results is ENS (Ethereum Naming Service). Recently, ENS broke above a $30 resistance level, suggesting a potential rise to $40 in the near term. Recognizing this breakout, we’ve added ENS to our list of 65 trade setups in our
ENS Breakout: What’s Next?
With ENS showing promising signs of a breakout, the next step is determining the best entry strategy. Should you buy it now, or wait for a retest? Our new Crypto Trading Course, specifically Lesson 7, dives deep into trading breakouts, covering five entry strategies that range from high risk, high reward to low risk, low reward:
- Intraday Breakout
- Closing Candle Breakout
- Breakout and Retest
- Retest and Rebreak
- Gradual Scaling
Each strategy is designed to cater to different risk appetites and trading styles, ensuring you can find the approach that best suits your needs.
How to Trade Breakouts
To further support your trading journey, altFINS offers an extensive array of tools and resources. Upgrading now grants you access to premium features and our VIP Telegram group, where expert insights and the best trade setups are shared regularly.
With altFINS, you’re well-equipped to identify and capitalize on strong uptrend assets, navigate market corrections, and enhance your trading strategies.
Happy Trading!
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