$BTC USDT $BNB $SOL #SwingTradingStrategy – How to catch opportunities between peaks and troughs?
#SwingTrading
$ETH
ETHUSDT
Perpetual
2,413.06
-3.92%
The Swing Trading strategy is considered one of the best ways to achieve medium-term profits, as it suits traders who cannot follow the market constantly on a daily basis. This strategy relies on exploiting price movements that extend over days or weeks, rather than instant entry and exit.
Practical application on the ETH/USDT pair
Currently, Ethereum is trading at $2,485.16 according to the Binance platform, after reaching a high of $2,569 in the past 24 hours and a low of $2,476. The horizontal trading pattern on the weekly frame indicates a potential price accumulation that may precede a strong movement in either 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 the RSI (61.15) and MACD (92.20) indicators, which currently show moderate positive signals.
Use a stop-loss below support to manage risk, and enter once a breakout is confirmed.
Current opportunity:
If resistance at $2,560 is broken with strong trading volume, the next target could reach $2,780; however, if it fails, we may 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?