šØThe crypto market is no stranger to intense price swings. After a series of explosive rallies, some altcoins are now in correction phases, offering potential opportunities for savvy traders. Hereās a closer look at three altcoins that are currently undergoing a pullback, but their charts suggest bullish continuation could be just around the corner! š
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#NEOUSDT (NEO) - A Perfect Storm for a Bullish Bounce? š„
After an impressive 200% surge, NEO is now entering a correction phase, rejecting the $15 support zone. But here's the keyā$15 is holding strong as support, which means NEO could be setting up for a powerful rebound. If the support level holds, hereās what could unfold:
Bullish Continuation Expected: First target: $21 (supply zone).
Next Up: Watch for the price to challenge the previous major high at $25.50.
Key Levels:
Support: $15
Resistance: $21, $25.50
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#TRXUSDT (TRX) - Riding the Waves of a 180% Surge! š
TRX has made a spectacular 180% move, but now itās taking a breather in a correction phase, bouncing off the $0.25 mark. As long as $0.25 continues to hold, TRX looks poised for more upside:
Bullish Reversal Likely: The first resistance target is $0.33.
Next Major Target: A breakout to $0.43 could bring TRX back to its previous highs.
Key Levels:
Support: $0.25
Resistance: $0.33, $0.43
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#QTUMUSDT (QTUM) - A Hidden Gem with Major Potential āØ
QTUM has surged 180% but is now in a corrective phase, rejecting the $3.5 demand zone. However, the technical setup is compelling for a bullish continuation:
First Target: Look for a push towards the $4.8 supply zone.
Next Move: A breakout above $4.8 could drive QTUM to its previous major high near $5.70.
Key Levels:
Support: $3.5
Resistance: $4.8, $5.7
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š” Pro Trading Tips for Volatile Altcoins:
1. Manage Risk: Corrections can be volatile, so set your stop losses at strategic levels to protect your capital.
2. Watch the News: Key announcements or market sentiment can accelerate moves, so stay updated on broader trends.
3. Patience Pays Off: Wait for confirmations, like a clear bounce off support, before entering trades.
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Which Altcoins Would You Like Me to Cover Next? š¤
The market is full of opportunities, but success in crypto comes down to timing and strategy. Let me know which altcoins you're keeping an eye on, and Iāll dive deeper into the charts to give you the insights you need!
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All Strategies Are Good; If Managed Properly! šŖ
~Rich
#BURNGMT #MarketCorrection #BuyTheDipOrWait #BinanceMEOpening #RLUSDApprovalBoostXRP