When you stop scalping and start swing trading, not only do you start to become a profitable trader, but also have time to find, analyze and wait for perfect trade setups to happen.

Right now I am watching 12 potential setups to develop over the coming week, however, I'm going to share 5 of them that have the most potential for a very profitable trade.

Keep in mind that this is not financial advice and you should always do your research. Also, these setups are not meant to be entered, right now, only if price action confirms it. With that being said, let's begin.

1. STRAX/USDT

This setup is trading in a tight range, however, if it manages to break out of the resistance and retrace back to it a few days later, this could mean a very nice buying opportunity with low risk, if confirmed by the price action.

2. ERG/USDT

Following a surge in price ERG is forming a very nice triangle pattern and if it manages to break and close above this triangle, it could result in a nice 50%+ gain in price.

3. FET/USDT

FET/USDT is forming a very beautiful triangle pattern with the ideal entry I'm looking for is at the support area at $0.38, especially if it also coincides with a 50-DAY EMA. If confirmed by price action, this could mean especially good R/R with the potential of a 100%+ exit.

4. FLUX/USDT

FLUX/USDT is quite a similar trade setup to FET, however, it also has 50 and 200 EMA crossover happening, which is another strong bullish signal. If it goes down to that area of support, it could make a very strong move upwards.

5. LOKA/USDT

The final setup is LOKA/USDT which is already breaking out of the triangle formation as I'm writing this. However, for this one, I want to see a strong close above the trendline and a retracement back to it, as well as a blue 200-Day EMA. This would give a strong support area and allow for a very low-risk trade.

CONCLUSION

These are the key trading setups I'm looking for in the next coming week. Some of them may never work out, and some of them will. The key is always to wait for the confirmation and only enter the trade then.

Also, when trading, always control your risk and use stop-loss orders. Even when swing trading, where I only check charts once a day for my trading decisions, I need to set a stop loss.

That is simply because in case some unexpected news or event happens, you are safe. Maybe you are jet skilling, maybe hanging out with your friends at some dance club, or just met a charming lady/guy of your dreams.

Since you no longer scalping and have a life & money to enjoy it, you always have to have protection in place.

Finally, if you like these types of trading analysis, signals, and trading content, make sure to follow me for more, I post new setups I WATCH as well as other helpful trading tips and personal experiences.