How to time your Swing Trade entry?!
Swing Trade: Learn to profit from Swings.
Crypto markets have decisively inflected to an Uptrend.
Our Signals Summary section shows that out of 2,800 assets tracked, 162 are in a Strong Uptrend versus only 32 in a Strong Downtrend. (see live results) And 343 assets are in an Uptrend versus 61 in a Downtrend. (see live results)
Source: altFINS Signals Summary
But in every uptrend, there are periods of pullbacks and consolidation.
It seem that we are due for such a pause, which can be great opportunities to re-enter an uptrend and profit from such downswings.
But where should we enter on such a pullback?
How do we find the right swing entry opportunities in Uptrend?
Here’s a quick tutorial that will elevate your trading skills instantly.
FIRST STEP is to find assets in an Uptrend. That’s a cakewalk on altFINS.
SECOND STEP is to find a good swing trade entry.
How to do that? Let’s illustrate 3 possible strategies with Tron (TRX):
Swing Trade Entry Strategies
As you can see, TRX was in a solid Strong Uptrend on a Short- Medium- and Long-term horizon. That takes care of STEP ONE. Trade with a trend, trend is your friend.
For timing of trade entry, we can use 3 possibilities (see 1-2-3 in chart above):
1. Enter when price approaches support area. You can find support areas in our Technical Analyses (aka trade setups) or identify support on your own (find a tutorial here).
2. Enter when MACD Histogram inflects. This is an early indication of a possible upswing. See live results.
3. Enter on MACD Signal Line crossover (“Buy” flags in chart). See live results.
You can find strategies 2 and 3 in our Screener Pre-Set filters:
Each of these 3 trade entry strategies have their (dis)advantages.
First strategy gets the trader into the trade early, which means the highest upside potential. But it is also the most prone to failures (risk) – meaning the price may continue to fall below the support level.
Second and third strategies lead to a later trade entry and less upside potential but have higher success rates because we enter when price is already inflecting or even rising again. It’s already bounced off of support.
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