Strategy: Buying Dips in Uptrend

in altFINS Newsletters, Trading Strategies, Tutorials

altFINS Newsletters 2 min read June 5, 2024

Lenka Fetyko

Strategy: Buying Dips in Uptrend

Many altcoins are in a strong uptrend. But even in an Uptrend, prices never go straight up, day after day.

There are times when price consolidates, pulls back and then resumes an Uptrend. Such corrections are opportunities to join a trend.

Use altFINS to quickly find such trading opportunities: DOGE, SHIB, NEAR, PEPE, ETC, GRT, BONK… (see all results)

Market Scan: Pullback In Uptrend

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One of the best strategies during an Uptrend is to “Buy dips” or “Pullbacks in Uptrend”.

Because assets in an uptrend have a tendency to resume their uptrend after a temporary pullback.

Pullbacks can often provide opportunities to jump on an established trend. It’s difficult to catch a trend in early phases and conservative traders prefer to jump in midstream, once a trend is established.

We teach the Pullback in Uptrend strategy in Lesson 3 of our new Crypto Trading Course, which includes 10 lessons, 40 videos, notes and quizzes covering 7 trading strategies, leverage trading, short selling and risk management.

Members with Annual, Lifetime, and Education plans get access to our VIP Telegram group where we share the best trade ideas and tips.

Graph (GRT) – Bullish, Pullback in Uptrend

Trade setup: : Price is in an Uptrend. It broke out of an Ascending Triangle, reached $0.36 and pulled back again to that key level of $0.30, now support. Stop Loss (SL) level at $0.27. RRR (Reward-Risk-Ratio) of 2:1.

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