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Swing trading in cryptocurrency can be both rewarding and challenging. However, combining it with BingX’s Flexible Term Wealth product offers a strategic advantage. You can see all the available options here. This approach allows traders to remain liquid while generating passive income from their idle digital assets, making it an efficient tool for managing both trading positions and capital. Here’s how this strategy can work.
Utilizing Price Alerts to Stay Liquid
Unlike traditional swing trading, where traders sit on open positions, this strategy leverages price alerts to avoid unnecessary idle time. Instead of locking funds into a fixed position, traders use alerts to monitor specific price points. Once an alert is triggered, the trader can swiftly withdraw funds from BingX’s Flexible Term Wealth product and take action. This requires manual intervention, but it allows traders to stay agile and responsive to market changes.
The key advantage of this method is the liquidity it provides. Unlike BingX’s Fixed Term Wealth product, where funds are locked for a set duration, Flexible Term accounts let traders access their capital when needed. This liquidity ensures that traders can capitalize on market movements without being restricted by long-term lock-ins.
Checking Available Digital Assets
While the Flexible Term Wealth product offers flexibility, it’s essential to remember that not all digital assets are supported. Traders need to regularly check the BingX Wealth section to see which cryptocurrencies are available for flexible savings. Fortunately, BingX provides a variety of options, including popular cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), among many others.
This means that traders need to align their trading strategies with the assets supported by the BingX Wealth product. For example, if a trader frequently trades a less common token, they may not be able to utilize this strategy effectively. However, with a wide selection of mainstream tokens available, most traders will find suitable assets to work with.
Leveraging Varying APRs Based on Digital Assets
Another element to consider is the varying APRs (Annual Percentage Rates) for different cryptocurrencies. Each digital asset comes with its own real-time APR, which fluctuates based on market conditions. For instance, Solana (SOL) might offer a 10% APR for holdings below 10 SOL, but any amount above 10 SOL may see a reduced rate of 3%. Traders can take advantage of these flexible rates, earning interest on their idle assets while waiting for the market to recover or their price alerts to trigger.
By reinvesting their profits from triggered buy orders into the Flexible Term Wealth product, traders can maximize their earnings through compounding returns. This allows them to earn yield while their assets sit on the exchange, effectively combining passive income with their active trading strategies.
Keeping Track of Buy Orders and Sell Opportunities
One challenge with this swing trading strategy is managing the timing of sell orders. Since traders won’t always be able to set sell orders immediately after buy orders trigger, maintaining an accurate record of purchases is essential. Using a crypto portfolio tracker can simplify this process. These tools allow traders to log the date, time, amount, and price of their trades without having to check the “Order History” tab on BingX constantly. For more in-depth explanation, you can check this page here.
Recording trade details ensures that traders can efficiently manage their positions, making it easier to execute sell orders when favorable price points are reached. Popular portfolio trackers offer real-time monitoring and notifications, streamlining the process and helping traders stay on top of their active trades.
Comparing BingX APRs to On-Chain Staking and Other Exchanges
A smart strategy for maximizing returns is to compare the APRs offered by BingX’s Flexible Term Wealth product to the APY (Annual Percentage Yield) from on-chain staking or other exchanges. If BingX provides a better rate, it may be more profitable to move assets into the Flexible Term product. For example, if Solana offers a 10% APR on BingX but only a 7% APY via on-chain staking, it would make sense to shift funds to BingX so you can earn more yield.
This approach ensures that traders are always optimizing their capital deployment. By utilizing the platform with the best returns, traders can make the most of their assets while maintaining liquidity and flexibility. It’s important to regularly review the available rates and adjust strategies accordingly to capture the highest possible returns.
Understanding the Variability of On-Chain Staking APYs
On-chain staking APYs can vary significantly between digital assets, making it crucial to compare them to BingX’s Flexible Term Wealth rates. For instance, Cardano (ADA) might offer around 3% APY on-chain, whereas Avalanche (AVAX) could provide 7–8% APY. If BingX offers 10% APR on both assets, it’s a clear opportunity to move your ADA holdings over to BingX for a better return.
By leveraging these higher APRs, traders can enhance their staking returns without sacrificing the liquidity offered by BingX’s flexible terms. This ensures that traders always get the best yield for their assets while retaining the ability to react swiftly to market conditions.
Hedging and Taking Profit Strategically
A key part of this strategy is knowing when to take profit. Traders can sell their digital assets once they reach the purchase amount, leaving their profits in the flexible term account to continue accruing yield. This way, the original investment can be used for new trades, while profits are reinvested to earn more interest.
This approach maximizes returns and hedges against potential market corrections. With more stablecoins on hand, traders can buy the dip when the market moves, creating a cycle of earning, reinvesting, and trading that builds long-term wealth. It’s a sustainable strategy that balances short-term liquidity needs with long-term growth objectives.
Every Dollar Counts
BingX’s Flexible Term Wealth product offers swing traders a unique way to manage liquidity and maximize returns. By staying as close to liquid as possible, traders can take advantage of price fluctuations while earning passive income on their assets. Whether you’re comparing APRs or leveraging price alerts, this strategy ensures that your assets are always working for you, both in terms of trading and passive growth. With careful management and the right tools, this approach can significantly enhance your crypto wealth management efforts. For more information on BingX Wealth, please check the official FAQ page.
Download the BingX exchange app (mac / android) today and start trading spot. Whether you’re a seasoned crypto enthusiast or a newcomer, BingX provides a safe and user-friendly platform to explore and invest in exciting cryptocurrencies. Don’t miss out on the opportunity of a lifetime and ensure you have access to a dependable cryptocurrency exchange to address your trading and investment needs.
Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
