Swing trading altcoins can be one of the best ways to take advantage of the crypto market’s wild price swings. It’s not about gambling or hoping for the best—it’s about following a proven process to catch predictable moves.
Swing trading is all about buying altcoins during dips and selling during short/mid-term upswings, aiming to lock in consistent profits over days, weeks, or even months.
Swing trading altcoins is most effective during altcoin season, which is how I made over 20X in 16 months.
Let’s break swing trading down, step-by-step, so you can get started today.
What Is Swing Trading?
Swing trading is a strategy where you hold an asset for a short time—usually a few weeks, sometimes months—to profit from price swings. It’s not as intense as day trading, but it still lets you capitalize on the market’s volatility.
For altcoins, swing trading works great because:
- They’re volatile, meaning big price swings happen often.
- Many follow predictable cycles tied to Bitcoin’s moves.
- News, partnerships, or hype can spark quick surges.
The goal? You don’t need to catch the very bottom or the top. Just aim for the “middle chunk” of the swing. Even a 10-20% profit on a trade, done consistently, adds up fast.
What I do: I like to swing trade on with a longer timeframe, usually a few months. I aim to catch the big moves which net me hundreds of percent each time. This is actually kind of easy if you time the altcoin cycle correctly.
How to Swing Trade Altcoins in 3 Steps
1. Choose the Right Altcoins
Not every coin is good for swing trading. You want ones that:
- Have high trading volume (so you can buy and sell easily).
- Show consistent patterns of ups and downs.
- Have an active community or upcoming news that can drive momentum.
If you want to read more about finding new altcoins, read this article:
2 Easy Ways To Find New Altcoins With Huge Potential in 5 Minutes
Pro Tip: Use tools like CoinMarketCap to check volume or TradingView to spot altcoins with strong trends.
2. Find Entry and Exit Targets
Swing trading relies on understanding charts. You have to technically analyze the price charts to find the best prices to buy and sell the coin you’re trading. Don’t worry—it’s not rocket science. Start with these basics:
- Support and Resistance: Support is a price level where the coin usually bounces up. Resistance is where it tends to get stuck.
- Moving Averages: These show trends. If the price is above the 50-day moving average, it’s a sign of strength.
- RSI (Relative Strength Index): This tells you if the coin is overbought (too high) or oversold (too low), which often signals reversals.
Example: If an altcoin bounces off support and the RSI shows it’s oversold, it’s likely heading for an upswing.
Click here to read my guide on technical analysis for beginners.
3. Set Clear Targets and Stop-Losses
Don’t just wing it. Before entering any trade:
- Set Your Target: Decide where you’ll sell, depending on risk tolerance, and time frame.
- Set a Stop-Loss: In crypto this is optional. The volatility is so large that sometimes the risk of getting “wicked out”, which is when the price dips sharply to trigger your stop loss and then rallies up to your target, is greater than the risk of losing 10% or more. Decide the maximum you’re willing to lose. A good rule of thumb is to place the stop loss 10% lower than you think is a good idea, to not get wicked out.
Here’s an example of a swing trade I shared with subscribers of The Premium Newsletter:
Tips for Success
- Be Patient Don’t chase every trade. Wait for the perfect setup—clear support, resistance, or a strong trend. Missing out is better than making a bad trade.
- Manage Risk Keep your swing trades small—no more than 5% – 10% of your portfolio. The rest should stay in long-term holds like Bitcoin and strong altcoins. This way, you’re not risking everything on short-term moves.
- Stay Updated Altcoins can swing wildly due to news or updates. Keep an eye on announcements, partnerships, and market sentiment using tools like CoinGecko or Twitter.
In The Solberg Report, I give you 3 swing trading opportunities every month. This report is only for Premium Investors.
Premium Investors also receive The Premium Newsletter, where I tell you whenever I buy/sell anything, and break down my personal portfolio once a month.
Conclusion: Swing Trading Altcoins
Swing trading doesn’t need to be complicated. Pick the right coins, follow the charts, and stick to your targets and stop-losses. Over time, consistent wins can grow into something huge.
Want a shortcut? Premium Investors get monthly swing trade setups, step-by-step strategies, and insights to save you hours of research. If you’re serious about leveling up your portfolio, click here to read more.