SuggestionsChoose mainstream coins for swing trading, as their volatility range is easier to control, and there won't be frequent crashes like those often seen with altcoins. It's important to preserve your principal; don't follow the trend just because other altcoins are surging. When altcoins rise wildly, they can also cut you down mercilessly. For mainstream coins, it is recommended to choose BTC, ETH, EOS, LINK, XMR, etc. These coins have the following characteristics:

1. They are all stable coins with a long listing time, large market presence, high market capitalization, and low risk, so there won't be any crashing phenomenon;

2. The swings are between 5% - 30%, making them easy to manage;

3. Good prospects, with good appreciation space and high tolerance for errors. What market conditions are suitable for swing trading?

Swing trading can be done at any time, but if you want to increase profits and reduce risks, it is most suitable to swing trade when the following conditions are met.

1. The coin price is in a long-term sideways trend with significant volatility (between 5%-30%);

2. Looking at the long term, there is an upward trend.

3. Looking at the long term, although it is a downward trend, every drop can have a good rebound;

These conditions indicate that it is suitable for swing trading. Additionally, it is emphasized that if you believe it is a bull market, or if the signs of a bull market are very obvious, do not swing trade; just buy good coins and hold them long-term. Because when a bull market arrives, if you exit through swing trading, it will be hard to catch up again due to the fast pace.

How to operate specifically?

Swing trading can be divided into long-term and short-term swings. Short-term swings require monitoring the market closely, keeping an eye on both bullish and bearish forces, and observing the 5-day and 30-day lines on 1 minute, 3 minutes, 5 minutes, and 15 minutes charts, but this can be too exhausting. Today, I will teach you a more relaxed trading method.

The so-called relaxed trading method means you don’t need to constantly monitor the market; just find the pressure levels above and below. In a long-term sideways market, the coin price will fluctuate within a range. We only need to observe the highest and lowest price points of this fluctuation. Then, set a buy order at 0.5% below the lowest point and a sell order at 0.5% above the highest point. This is a relatively conservative trading method that reduces some risks while increasing individual return rates. A more aggressive approach would be to buy at 0.5% above the lowest point and sell at 0.5% below the highest point, which would reduce individual return rates but increase the number of trades. I recommend being conservative and using the first method; the more you trade, the more fees you incur, which is unnecessary. Note: This method should only be used when there is enough fluctuation, at least not below 5%, otherwise half of your profits will go towards fees. If the price trend is good and there is a stable upward trend in the long run, you can set the buy price at 3% above the previous swing's lowest point and sell at 5% above the previous swing's highest point to increase profits.