Profiting from Altcoins in Bearish Markets with altFINS

altFINS Newsletters 3 min read July 2, 2024
Lenka Fetyko

Profiting from Altcoins in Bearish Markets with altFINS

Despite the recent downturn in the altcoin market, where many tokens are down 50% or more from their March peaks, profitable opportunities still exist. At altFINS, we specialize in identifying and capitalizing on these opportunities, even in bearish conditions. Our recent success with Avalanche (AVAX) token is a testament to this approach.

+20% Gain on AVAX

We alerted our members to several promising opportunities, including the Avalanche (AVAX) token, which resulted in a substantial +20% profit on a bounce. This was possible through our “Oversold at Support” trade strategy, which leverages the Relative Strength Index (RSI) to identify oversold conditions (RSI < 25). When the market becomes overly bearish, and everyone is dumping assets, these conditions often indicate that assets are significantly oversold and primed for a rebound.

Source: altFINS

Understanding the “Oversold at Support” Strategy

The “Oversold at Support” strategy is one of the seven trading strategies we cover in our new Crypto Trading Course. This course is designed to equip traders with the knowledge and tools to profit in any market condition. By understanding and applying this strategy, traders can identify profitable opportunities and make informed trading decisions.

The “Oversold at Support” strategy is a trading approach used primarily in technical analysis, where traders look for an asset that is in an oversold condition, often indicated by an RSI (Relative Strength Index) below 25, and is simultaneously at or near a significant support level, a price point where the asset has historically had difficulty falling below. The confluence of these two factors suggests a potential buying opportunity, as the asset may be poised for a reversal or bounce back from the support level. Traders employing this strategy aim to capitalize on the anticipated price rebound by entering long positions at or near the support point, with the expectation that the oversold condition will correct and drive prices higher.

Why Choose altFINS?

Technical Analysis and Trade Setups: Our platform provides access to 65 trade setups, covering the top altcoins and MEME tokens. These setups are meticulously analyzed and presented in our Technical Analysis section.

AI-based Chart Patterns: altFINS uses advanced AI algorithms to detect chart patterns and generate tens of trade signals daily, helping traders stay ahead of the market.

VIP Telegram Group: Join our VIP Telegram group to receive expert insights, best trade ideas, and support from our community of successful traders.

Comprehensive Crypto Trading Course: Our course covers seven trading strategies, including margin trading, short selling, and risk management techniques, ensuring traders are well-prepared for any market scenario.

Pre-Set Market Scans: Access over 100 pre-set market scans to quickly find profitable trading opportunities.

Coin Picks Research Reports: Our detailed research reports highlight projects with potential upside ranging from 100% to 700%, giving traders a competitive edge.

Exclusive Trading Videos: Enhance your trading skills with our exclusive video content, covering various aspects of crypto trading and market analysis.

Start Profiting with altFINS

Whether you’re a seasoned trader or just starting, altFINS provides the tools and knowledge you need to succeed in the crypto market. Take advantage of our special offer and elevate your trading game with altFINS.

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Written byLenka Fetyko
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