Altcoin Gains Today (Eg Vechain) A 'Dead Cat Bounce'?

Traders without a solid game plan may find 'buying the dip' to be an emotional rollercoaster due to current volatility.

Take VETUSD as a case in point.

As of publishing this chart VET is up 12% on the day. An amazing rally. However look at the overhead resistance that may stop Vechain's advance, setting it up for another major drop tomorrow (as much as a 40% downside target)... especially if the rest of the market takes another plunge.

At times like this, experienced traders will avoid buying into a choppy market unless they have a clear approach for Take Profit targets and Stop Losses or long-term accumulation plans.

SparksterSignals can help traders automate the process of buy and sell positions based on technical indicators and backtested performance.

Note: SparksterSignals (including our technical analysis and our algorithmic backtested signals) are not provided as financial advice.