The crypto market has been choppy lately, moving up and down unpredictably. While some assets are still in a solid uptrend, many have shifted to a downtrend.

How to Trade in Both Directions

Traders can capitalize on market movements by using two simple strategies:

1. Buy Assets in an Uptrend: Identify and invest in cryptocurrencies that are gaining momentum and maintaining an upward trajectory.
2. Short Sell Assets in a Downtrend: Profit from declining prices by short-selling assets that are in a confirmed downtrend.

Assets in Downtrend

Keep It Simple: Trade with the Trend

A key principle in trading is to follow the trend—often summarized as “The trend is your friend.” This approach simplifies decision-making and increases the probability of success.

Short Selling in Action: BCH Trade Example

Recently, we identified a short-sell opportunity in BCH that generated a +15% profit. The asset reached a critical resistance level at $400, aligning with the 200-day Moving Average, making it an opportune time to enter a short position.

Watch our detailed trading video on this setup to understand how we executed this trade successfully.

Exclusive Trade Opportunities for VIP Members

Yesterday, our VIP members received several short-selling trade ideas based on our market scan, which focuses on:

• Bounced Up in Downtrend: Identifying assets that temporarily recover in an overall downtrend.
• Overbought Conditions: Using RSI > 70 as a signal for potential price reversal.
• Near Resistance Levels: Often, assets testing the 200-day Moving Average present good short-selling opportunities.

Here’s a quick filter (see live results).

Short Sell Ideas – Bounce in Downtrend

Master Crypto Trading with altFINS

We provide comprehensive trading education covering 7 trend and swing trading strategies, including Short Selling, Margin Trading, and Risk Management in our new Crypto Trading Course.

Additionally, our VIP Telegram Channel shares high-probability trading ideas and market insights.

Start learning and trading smarter with altFINS today!