#SwingTradingStrategy

#SwingTradingStrategy – How to catch opportunities between peaks and troughs?

#SwingTrading

$ETH

ETHUSDT

Perpetual

2,422.37

-3.47%

The Swing Trading strategy is considered one of the best methods for achieving medium-term profits, as it suits traders who cannot continuously monitor daily. 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 last 24 hours and a low of $2,476. The horizontal trading pattern on the weekly timeframe indicates a price accumulation state 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 the RSI (61.15) and MACD (92.20) indicators, as they currently show moderate positive signals.

Use a stop loss below the support to manage risks, and enter once the breakout is confirmed.

Current opportunity:

If the resistance at 2,560$ is broken with strong trading volume, the next target may reach $2,780, while if it fails, we might see a drop towards 2,380$ for a retest.

Do you think the current time is suitable to apply Swing Trading on ETH? Or would you prefer to wait for a confirming movement?