Trading Signals for $SWELL Swell Network

The SWELL token has shown a 1.87% increase over the past day with a strong volume-to-market cap ratio of 43.6%, indicating substantial liquidity for scalping opportunities. The price is currently at $0.03319, trading within a consolidation range between $0.03084 and $0.03419 over the past 24 hours. With a circulating supply of 1.72B tokens and significant recent recovery from the all-time low (+19.79%), this asset is demonstrating potential for short-term volatility-driven trades.

The scalping opportunity is supported by the high 24-hour trading volume ($25.01M) and a clear resistance near $0.0342 and support at $0.031. The Relative Strength Index (RSI) appears neutral, suggesting balanced buying and selling pressure, but the token is primed for quick price movements within this range.


Long Position:
Action: Long
Entry Range: $0.0315 โ€“ $0.0325
Stop-Loss (SL): $0.0310
Take-Profit (TP): $0.0340 โ€“ $0.0350

Short Position:
Action: Short
Entry Range: $0.0338 โ€“ $0.0342
Stop-Loss (SL): $0.0346
Take-Profit (TP): $0.0318 โ€“ $0.0310

๐Ÿฅ‚Trade Here๐Ÿ‘‡

๐ŸšจNote: Trade at your own risk. DYOR (Do Your Own Research).

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