SWING POINTS :
๐ What Are Swing Points?
Swing points are:
Swing Highs: A peak where the price reaches a high and then reverses downward.
Swing Lows: A trough where the price reaches a low and then reverses upward.
They are used to:
Spot trends (higher highs = uptrend, lower lows = downtrend)
Identify entry/exit points
Set stop-loss or take-profit levels
Draw trendlines, channels, and Fibonacci retracements
๐ Example:
Suppose Bitcoin goes like this:
$30,000 โ $35,000 โ drops to $32,000 โ rises to $37,000
Then:
$35K is a swing high
$32K is a swing low
๐ ๏ธ How Traders Use Swing Points:
Trend identification: Connecting swing highs/lows reveals market direction.
Breakout confirmation: A price breaking past a previous swing point can signal momentum.
Support/Resistance: Past swing highs/lows often act as future support or resistance zones.
