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

#SwingTrading

$ETH

ETHUSDT

Permanent

2,413.06

-3.92%

The Swing Trading strategy is considered one of the best ways to achieve medium-term profits, as it is suitable for traders who cannot follow up on a daily basis. This strategy relies on exploiting price movements that extend over days or weeks, rather than entering and exiting instantaneously.

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 during the last 24 hours and a low of $2,476. The horizontal trading pattern on the weekly timeframe indicates a price accumulation phase 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 moderate positive signals are currently showing.

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

Current opportunity:

If resistance at 2,560$ is broken with strong trading volume, the next target could 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 do you prefer to wait for a confirmation movement?