altcoins are Riding a Bullish Momentum Swing

altcoins are enjoying a bullish upswing in momentum (MACD), which create attractive swing trade setups between support and resistance zones.

While most coins are still in a downtrend on Short- and Medium-Term basis, many are experiencing and upswing in momentum that could carry them to the next resistance zone.

Swing trade opportunities. While trend traders can continue to screen the market for the few remaining coins in an Uptrend, others can look for momentum swings.

Swing traders are looking to enter on momentum upswing, ideally around key levels (support and resistance) and exit when momentum loses steam.  Read more on swing trading here.

Our Curated Charts highlight several such Swing Trade opportunities today:

More recent blog posts:

Week 21 – winner and losers
Swing Trading
Crypto bear market? How to trade it?

Risk management – Stop Loss and trade size.  In all of these setups, traders should use Stop Loss orders to manage their downside risk, in case the trade goes against us, as it often will.  is about probabilities and even though these setups have a high win rate, one must be prepared to minimize losses on the trades that go bust.  If Stop Loss order types are not supported by they exchange, at least set up a price alert (see video).  Also, trade size should be such that you never risk losing more than 2% of your total equity.  Keeping the trade size small allows the trader to setup a wider Stop Loss, which gives the trade more room and time to complete with success.  Setting Stop Loss levels too tight can often result in getting knocked out of a trade prematurely.

Disclaimer: This content is for informational purposes only, you should not construe any such information or other material as investment, financial, or other advice.  There are risks associated with investing in cryptocurrencies. Loss of principal is possible.