trendfollowing

Hello Followers! 👋
We are diving into Swing Trading, a strategy designed to capture short-to-medium-term profits by leveraging the momentum of the Altcoin market.
Swing trading involves holding assets for a period ranging from a few days to a few weeks, capitalizing on the price "swings" (the ups and downs).

​🛠️ The 3 Steps of Trend-Following Swing Trading
​To increase your chances of success and manage risk effectively in swing trading, you must always follow the established trend.

Step 1: Identify the Trend (Higher Timeframe)
​Look at the Daily (1D) or 4-Hour (4H) Chart.​A clear "Uptrend" is confirmed when the price is consistently trading above a Moving Average (e.g., 50 MA) and making successive Higher Lows (HLs).
Step 2: Wait for the Pullback (The Entry)
​In an established uptrend, the price rarely goes straight up. It often "pulls back" or retraces to Key Support Levels (e.g., the 20 MA or previous resistance flipped to support) before continuing.​Entry Point: Wait for the price to drop back to that support level and show a Bullish Reversal Candle (a green candle with clear buying pressure).
Step 3: Manage Risk Strictly (The Exit)
​Stop-Loss (SL): Place your Stop-Loss just below the Last Established Support Level (the prior Higher Low). This level defines the point at which the original trend is invalidated.​Take Profit (TP): Target the previous Resistance level or aim for a minimum Risk/Reward Ratio of 1:2 or 1:3.
Crucial Tip: Avoid swing trading in a Sideways or Choppy Market. Always remember the golden rule: "The Trend is your Friend."
​Question: What is the main indicator (e.g., RSI, MACD, MA) you rely on the most for identifying a Swing Trading entry? Share your preferred tool in the comments!
​#SwingTradingStrategy #TrendFollowing #AltcoinStrategy #RiskManagement

Crypto markets kicked off December in the red, extending November’s weak finish as DeFi protocol Yearn Finance confirmed an “incident” involving its yETH pool — sparking fresh volatility across majors.
Market Snapshot
Bitcoin

BTC: ~$86,400

Ethereum

ETH: ~$2,828
BTC, ETH, SOL, DOGE, and XRP all slid in early Asian trading, deepening the previous month’s sell-off and shaking traders who were positioned for a rebound.
Yearn Finance yETH Pool Hit — Panic Ripples Across Markets
The downturn accelerated after Yearn Finance issued an alert on X about an issue affecting its yETH liquidity pool, while confirming that its V2 and V3 vaults remain safe.
According to early security reports:
An attacker exploited a vulnerability to mint a large supply of yETH in one transaction.Roughly 1,000 ETH (~$3M) was siphoned from the pool and routed through mixers.Total protocol losses reached ~$9M, with the attacker’s wallet retaining approximately $6M in assets, per PeckShield analysis.
The exploit targeted yETH — a decentralized, user-governed pool composed of Ethereum liquid staking derivatives (LSTs).
The incident comes just days after Upbit’s multi-million-dollar hack, highlighting ongoing security fragility even as institutional capital continues flowing into crypto.
Derivatives Market Hit Hard: $400M in Longs Liquidated
The sudden drop triggered over $400 million in leveraged futures liquidations, mostly wiping out long positions, Coinglass data shows.

Many traders had positioned for a bounce after November’s late-month recovery — leaving the market vulnerable to a sharp flush.
November Recap: Biggest Monthly Loss Since March
Despite rebounding from the $80K range in the final week, Bitcoin still closed November (UTC) with a 17.5% decline, its worst month since March.
Ethereum performed even worse:
ETH fell 22%, marking its weakest month since February.Sentiment deteriorated as institutional participation softened.Spot ETF flows confirm the trend:U.S.-listed BTC ETFs:$3.48B in net outflows — the second-largest redemption month on record.ETH ETFs:$1.42B in outflows, a new monthly high.
Outlook
With December starting under pressure and confidence shaken by another DeFi exploit, traders will be watching:
Whether BTC can reclaim the $90K regionETH’s ability to hold the $2.8K support zoneStability in DeFi TVL as Yearn assesses the full aftermath
Volatility remains elevated, and risk appetite — especially from institutions — appears cautious heading into year-end.

$BTC $ETH $DOGE #USjobs #TrendFollowing