#SwingTradingStrategy

📈 Market Overview – Swing Trading Perspective

BNB (Binance Coin):

Trading around $630, with intraday range between $624.6–645.0. Slight dip (~–0.02%)—ideal for swing traders watching for support near $620 and targeting resistance around $650–660.

Historical backtests for BNB swing strategies show ROI up to 91% over ~2.5 years, with ~60% win rate—suggesting medium-term trades using technical tools like moving averages and Fibonacci retracements can be effective.

SQ (Block Inc):

Currently at $86.96, bouncing between $86.09–88.14, minor +0.6% intraday bounce. Ideal for swing setups using support ($88–90) levels.

SQ often forms classic swing-chart patterns like cup‑and‑handle; daily 200‑MA support around ~$61, resistance at ~$81. Use RSI and volume to confirm breakouts or reversals.

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🎯 Recommended Swing Trading Strategy on Binance Square

Based on today’s trends and Binance Square guidance:

1. Trend Identification & Chart Patterns

BNB: Look for pullbacks to the 50-DMA or Fib 0.618‑level ($620–630).

SQ: Watch for cup‑and‑handle continuation—near-term resistance is ~$88–90.

2. Entry & Exit Criteria

Enter on bounce off support zones: BNB at ~$625–630; SQ at ~$86–87.

Set stop-loss +$15–20% range).

3. Indicators to Use

RSI (14) for overbought/oversold conditions, ideally 40–60 for entries.

50/200 SMA cross in trending markets.

Fibonacci retracements for pullback levels.

4. **Leverage Use (Optional)**

Binance Futures offers leverage—use with caution. Keep position sizing controlled.

5. Weekly Review Plan

Use Binance Square’s structured swing‑trading weekly checklist: market analysis, strategy refinement, diversification, and news monitoring.

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🔍 Today’s Action Plan

Step Asset Action

1 BNB Identify dip around 625–630, check RSI ~45–50, enter if confirmed bounce

2 SQ Spot support near 86, cross-check volume uptick and RSI >50

3 Both Set stops 2–3% below entry; aim for 8–15% upside