#SwingTradingStrategy – How to Catch Opportunities Between Peaks and Valleys?
Swing Trading strategy is considered one of the best ways to achieve medium-term profits, as it suits traders who cannot follow daily activities continuously. This strategy relies on exploiting price movements that extend over days or weeks, rather than entering and exiting instantly.
Practical Application on ETH/USDT Pair
Currently, Ethereum is trading at $2,485.16 according to Binance, after reaching a high of $2,569 in the last 24 hours and a low of $2,476. The horizontal trading pattern on the weekly timeframe indicates a possible price accumulation phase that may precede a strong movement in either the upward or downward direction.
How to Apply Swing Trading on ETH:
Identify support and resistance areas (current area: resistance at $2,560, support at $2,420).
Monitor RSI (61.15) and MACD (92.20) indicators, as they currently show moderate positive signals.
Use a stop-loss below support to manage risks, and enter once the breakout is confirmed.
Current Opportunity:
If resistance at $2,560 is broken with strong trading volume, the next target may reach $2,780; however, if it fails, we might see a drop towards $2,380 for a retest.
Do you think now is the right time to apply Swing Trading on ETH? Or do you prefer to wait for a confirming movement?