$BTC $BTC Objective: To profit from price fluctuations by identifying and capitalizing on price "swings" within a larger trend.
* Timeframe: Positions are held for days or weeks, allowing traders to capture a larger portion of a trend compared to day trading.
* Focus: It sits between day trading (very short-term) and long-term investing (months or years).
2. Key Principles and Strategies:
* Technical Analysis: This is the cornerstone of swing trading. Traders use charts and indicators to identify trends, support and resistance levels, and potential entry and exit points.