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Crypto Trading Course, Excerpt Lesson 3: Pullback in Uptrend



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Crypto Trading Course, Excerpt Lesson 3: Pullback in an UpTrend (“buy dip”)

Pullbacks can often provide opportunities to jump on an established trend. There are times when price consolidates, pulls back, and then resumes a trend. These corrections are opportunities to join a trend.

TA concepts covered: Trend trading, Support / Resistance, Polarity, Corrections, Setting Stop-Loss levels.

Practical implementation:

- Scan for coins in Up/Down trend with a pullback.
- Identifying Support / Resistance.
- Creating Price and Alerts.
- Using Signals Summary page.

Trading Rules:

- Find altcoins in an Uptrend but have had a 5%+ pullback (a correction, consolidation).
- Identify a Support Zone. This is often prior Resistance Zone or prior high point.
- Selling volume dries up during the pullback.
- Buy if the price is near or touches a Support Zone.

altFINS Cryptocurrency Trading Course consists of series of 10 webinars over 5-week period that teach our users how to take full advantage of the platform’s capabilities.

You can read about Course: https://altfins.com/cryptocurrency-trading-course/and https://altfins.com/altfins-trading-education/.

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Category
Cryptocurrencies
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