SuggestionsChoose mainstream coins for swing trading, as their volatility is easier to control, and there won't be occurrences like altcoins * - often crashing. It is important to protect your principal, and do not follow the trend of other altcoins just because they are skyrocketing; when altcoins rise crazily, they also cut down profits mercilessly. The mainstream coins recommended here are BTC, ETH, EOS, LINK, XMR, etc. These coins have the following characteristics:

1. All stable coins, long listed, large market caps, high market value, low risk, and no occurrence of crashing;

2. Fluctuations between 5% -30%, easy to control;

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

Swing trading can be done at any time, but to improve returns and reduce risks, it is most appropriate to swing trade under the following conditions.

1. The coin price is long-term sideways with significant fluctuations (between 5%-30%);

2. From a long-term perspective, there is an upward trend.

3. From a long-term perspective, although it is a downward trend, every decline can have good corrections;

When these phenomena exist, it is suitable for swing trading. Additionally, if you feel it is a bull market, or the signs of a bull market are very obvious, then do not swing trade; just buy good coins and hold them long term. Because when a bull market arrives, once you exit through swing trading, the speed is too fast, and it will be difficult to catch up again.

How to operate specifically?

Swing trading is also divided into long-term and short-term swings. Short-term swings require watching the market *, keeping an eye on both bullish and bearish forces, monitoring the 5-day and 30-day moving averages on 1-minute, 3-minute, 5-minute, and 15-minute charts, but this can be too exhausting. Today, I will teach you a Buddhist-style trading method.

The so-called Buddhist-style trading method is that you do not need to watch the market constantly; just find the support and resistance levels. In the case of a long-term sideways market, the coin price will fluctuate up and down within a range, and we only need to observe the highest and lowest prices of the fluctuations. Then place buy orders at 0.5% below the lowest price and sell orders at 0.5% above the highest price. This is a relatively conservative trading method that reduces some risks but increases the single transaction return rate. For a more aggressive approach, one can buy at 0.5% above the lowest price and sell at 0.5% below the highest price; this method will lower the single transaction return rate but increase the number of trades. I still suggest everyone be more conservative and use the first method. The more you operate, the more fees you pay, which is unnecessary. Note: This method should be used when the fluctuations are large enough, at least not lower than 5%, otherwise, half of the profits will go to fees. If the price trend is good and in a stable upward trend, you can place the buy price at 3% above the previous swing's lowest price and sell at 5% above the previous swing's highest price to expand profits.