The $SWELL/USDT market is currently showing bullish momentum based on the observed data. The price surged significantly, hitting a high of 0.01337 before correcting slightly to 0.01328. The Parabolic SAR indicator (yellow dots) is positioned below the price candles, signaling a bullish trend.
Technical Analysis
1. Current Trend:
The price experienced a strong upward movement with increased volume, indicating strong buying pressure.
The Parabolic SAR supports the bullish sentiment.
The MACD shows positive momentum, with the DIF line crossing above the DEA line, confirming upward strength.
2. Support and Resistance Levels:
Resistance: $0.01337 (recent peak)
Support: $0.01120 (recent low before the breakout)
3. Volume Analysis:
Sharp volume spikes aligned with the price surge suggest strong bullish momentum.
Simplified Trade Setup for $SWELL/USDT
Spot Trading Setup (Low Risk)
Buy Entry: Around $0.01280 (on slight pullback)
Take Profit: $0.01370 (recent peak)
Stop Loss: $0.01220 (to limit losses)
#SWELL ✅ This setup aims for a steady 5-7% gain with minimal risk.
Futures Trading Setup (Higher Risk/Reward)
Long Entry: Near $0.01280
Take Profit: $0.01370
Stop Loss: $0.01220
Short Entry: If the price falls below $0.01250
Take Profit (Short): $0.01180
Stop Loss (Short): $0.01340
Pro Tip: Wait for confirmation of direction before entering. A strong candle close above or below key levels will improve trade accuracy.
Conclusion:-
The bullish trend is evident, but caution is advised as recent rapid gains may trigger profit-taking. A balanced approach with proper risk management is crucial for both spot and futures trades.
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Conclusion:-
The bullish trend is evident, but caution is advised as recent rapid gains may trigger profit-taking. A balanced approach with proper risk management is crucial for both spot and futures trades.
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