Markets pulled back today on FUD related to middle-east conflicts flaring up.
But these pullbacks are usually buying opportunities for assets in an uptrend (see list here).
That may sound cynical considering the collateral damage to civilians but from a pure trading and investing perspective, that is based on empirical data:
S&P 500 Performance 1 Month After Major Middle East Conflicts
S&P 500 Performance 3 Months After Major Middle East Conflicts
What should trader focus on?
Find assets in Uptrend that have pulled back by 5–10% in the last day or week, ideally to their support levels.
The thing about trends is that they have a tendency to continue. They reflect growing demand from buyers that is likely to return or increase during a dip.
It’s simple crowd psychology, which is often what drives asset prices.
Use altFINS to quickly find such trading opportunities: (see all results) or just ask our new AI Copilot!
Market Scan: Pullback In Uptrend
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Let’s look at Monero (XMR)
Asset is in Uptrend, it pulled back to $290-$325 support zone, which appears like a robust support area.
This could be a swing entry opportunity in Uptrend with +20% upside potential back to $400 resistance.
XMR +20% Upside Potential on Pullback in Uptrend
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.
Check it out on altFINS.