Altcoins offer some of the most explosive opportunities, but they also come with high risk. This week, I analyzed a low-cap alt that had been forming a symmetrical triangle. It was coiling tighter, showing signs of a big move coming. On the breakout attempt, volume didn’t confirm, so I stayed out. Many traders jumped in and got faked out. I waited. A few hours later, a stronger breakout came with a volume candle that doubled the previous highs. That was my entry signal. I went long with my stop just below the triangle’s lower trendline. This time, the move had strength. The price rallied nearly 20% in a short period, and I scaled out at key Fibonacci levels. The lesson here is to trust the volume. Altcoins often give false breakouts, and chasing them without confirmation is dangerous. But if you combine chart patterns with volume and patience, you can catch the right moves. Alt trading is about timing — not just the setup. Let the market prove it to you before committing.
