The swing trading strategy at Binance Square has become popular again! Did you see that? In a short time, the view count is about to exceed 200,000, with over 600 posts in heated discussion.

Speaking of swing trading, I have a friend, Old Wang, who has profound experience. Earlier this year, he did detailed research on a certain potential coin and judged that it would have upward space in the short term. So, when the price pulled back, he decisively bought in. After holding for two weeks, the price rose as expected, and Old Wang successfully sold, making a small profit.

Of course, swing trading is not a guaranteed profit. Old Wang has also fallen into traps; once he blindly trusted a rumor and ended up getting stuck. Therefore, if you want to excel at swing trading, you need to master some skills. For example, learn to use technical indicators (like MACD, RSI) to determine overbought and oversold conditions; pay attention to market sentiment to avoid chasing highs and selling lows; most importantly, set stop-loss points to control risk.

By the way, the DeFi concept has been quite popular lately, and everyone can pay attention to related coins, as there might be good swing opportunities. But remember, DYOR (Do Your Own Research), make sure to do your own research!