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Swing Trading Essentials

Swing trading is a strategy that aims to capture short to medium-term gains in a financial asset over a period of a few days to several weeks. Unlike scalping, which focuses on seconds or minutes, swing traders look for "swings" in price, usually riding a trend or anticipating a reversal.

The core idea is to identify the direction of the next probable move, whether it's an uptrend or a downtrend. Traders typically use technical analysis tools like support and resistance levels, moving averages, and momentum indicators (e.g., RSI, MACD) to pinpoint entry and exit points.

Success in swing trading requires patience to let trades develop, a keen eye for chart patterns, and robust risk management. While the rewards can be significant, the risk of overnight gaps or sudden news events reversing a trend is always present. $BTC $ETH $RVN