Beware And Prepare

Last week, our signals have produced many big winners from breakouts including SOL (+27%), INJ (+25%), PEPE (+25%), DOGE (+20%), FET (+58%), TAO (+35%), STX (+50%), LINK (+15%), and LTC (+15%).

However, yesterday, we warned our VIP members that the recent market rally was over-extended, ripe for a pullback.

Traders can profit from such pullbacks by Short Selling.

Natural up- and down-swings in the market sentiment are driven by fear and greed.

When assets rise 20-50% within a week, there will be pullbacks, driven by profit taking by short-term traders.

altFINS’ Crypto Screener and Technical Analysis (trade setups) help traders anticipate such up- and down-swings. These are indispensable tools to profit in volatile markets!

Here’s a market scan that identifies assets that are:

1. Overbought (RSI > 65)

2. Up 20% in the last week

3. Still in a Downtrend.

Traders ought to take profit and/or sell-short: See live results.

Here’s an example of Stellar $XLM:

altFINS Technical Analysis section also shows coins that are “Approaching Resistance” or are “Overbought at Resistance”.

This is another great tool for traders to profit from potential pullbacks.

Trade Setups: Overbought at Resistance

KAS (Kaspa) is a good example of Overbought at Resistance bearish signal.

Price is still in a Downtrend. After a breakout from Falling Wedge pattern, price reached our target of $0.10 for a +35% gain.

That $0.10 is a stiff resistance area because it also lines up with 200-dat Moving Average (200 SMA), which also acts as resistance.

It is also overbought (RSI ~ 70), hence, it’s likely to get rejected at $0.10 as traders take profits.