If you are a swing trader you can earn whether the price goes up or down.HODL is not a smart way for investment (in my opinion).
I have successfully done swing trading for years. It is tedious, grinding and accumulating those small profits. It is less risky but smaller profits. And eventually you will burn out.
Holding is a legitimate strategy, if you know how. You will have more free time to yourself. Never invest more than you could afford to lose. You will need to realized it is 3000% profit or lose all strategy, that's why you make it less risky by minimizing the capital you have to put in or practice diversity.
I also have the same thought. if we don't hold our assets for a long time, I think we will only make a small profit. that's because the increase in the near future is not so high.
holding back does have a big enough risk, it's just that the profit obtained can be higher. Well, in ETH, for now, the price might increase in the near future. but I also agree with you that the price might reach $ 230- $ 240, but I don't know if it's a bull trap or not.