Alts and Crypto-Narratives on the Rise (Specific Opportunities)
11. The Explosion of AI Coins: What Pattern Precedes a 20% Pump?
Objective: Identify high probability technical setups in a sector with strong fundamentals.
In-Depth Analysis: The narrative of Artificial Intelligence (AI) has proven to be the engine behind the fastest pumps. The key is to find the asset that is consolidating after a correction, but whose fundamentals (project news) remain strong.
Trading Signal:
Entry Pattern: Look for a "Double Bottom" or a "Descending Wedge" on the 4-hour chart. These patterns indicate that selling pressure has ended and that buyers are coming back.
Activation: The Long entry is activated at the moment the neckline (in the Double Bottom) or the upper line of the wedge is broken, confirmed by a volume 3x greater than the average.
