$SWELL/USDT Chart Analysis

Technical Indicators

๐Ÿ“ˆ Price Action: The price trend is bullish, with rising momentum.

๐Ÿ“Š Support & Resistance:

Resistance Levels:

$0.0436043

$0.0497920

$0.0524969

$0.0553245

$0.0614394

Support Levels:

$0.0393989

$0.0418265

$0.0429500

๐Ÿ“ Trendline: A descending trendline suggests a potential resistance for upward movement.

๐Ÿ“‰ Moving Averages: The EMA 25 is below the SMA 9, signaling upward price movement.

๐Ÿ“Š Volume: Rising volume during the recent price increase supports bullish momentum.

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Possible Trade Setups

๐Ÿ”ฐ Long Trade:

Entry: Buy near support levels ($0.0418265 or $0.0429500).

Stop Loss: Below support levels.

Targets:

$0.0436043

$0.0497920

$0.0524969

๐Ÿ”ป Short Trade:

Entry: Sell near resistance levels ($0.0436043 or $0.0497920).

Stop Loss: Above resistance levels.

Targets:

$0.0393989

$0.0418265

$0.0429500

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Risk Management

โœ”๏ธ Utilize stop-loss orders to minimize risks.

โœ”๏ธ Adjust position size to align with your risk tolerance.

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Disclaimer

๐Ÿšจ This analysis is for educational purposes only and not financial advice. Always consult a qualified financial advisor before making investment decisions.