Power of Uptrend and Fresh Momentum

2 min read July 29, 2024
Lenka Fetyko

Power of Uptrend and Fresh Momentum

At altFINS, we understand the dynamics of market swings—even during an uptrend, assets experience both rises and falls. Timing these swings is crucial for any trader aiming to maximize gains. That’s why we’ve tailored a sophisticated swing trading strategy, aptly named “Uptrend and Fresh Momentum.”

Understanding the Strategy

This strategy is designed to identify coins that are not only in an uptrend but also exhibit signs of fresh bullish momentum. This crucial insight suggests that buyers have successfully absorbed the available supply from sellers, potentially paving the way for a robust price upswing as the asset resumes its uptrend.

Easy Screening with Pre-Set Filters

To simplify your trading, we’ve integrated this strategy into our Crypto Screener, allowing you to discover potential winners with just one click. Consider Promerium (PMG), for instance, a coin that has recently shown promise by pulling back and bouncing upward—indicative of a momentum upswing. With a projected +30% upside to a price target of $0.20 and a carefully calculated stop loss at $0.137, PMG exemplifies the potential of this strategy.

 

Source: altFINS

Why MACD Histogram?

This strategy utilizes the MACD Histogram indicator to precisely time your entries and exits. The MACD Histogram is instrumental in identifying early signs of bullish momentum, making it easier to spot potential entry points during the natural up and down swings of an uptrend.

Stay Ahead of the Game

Never miss out on another trading opportunity. By creating an alert for this market scan, you can receive notifications directly to your phone, ensuring you’re always in the loop and ready to act. Learn how to create an alert.

Learn More and Get Started

Explore the full potential of this trading strategy by watching our tutorial video on the altFINS platform. Learn how to set up your market scans, interpret MACD signals, and more.

Embrace the trend with our proven strategies and enhance your trading prowess today. Try this powerful setup now and see the difference in your trading outcomes!

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