Swell (SWELL) Trading Signal Alert - 4-Hour Chart
Overview of Price Action:
Swell (SWELL) has shown recent upward momentum, with the price rising from $0.0336 to $0.0505 over the past 24 hours
. This indicates a strong bullish trend.
Current Price: $0.0505
Entry Price for Trades: $0.0480
Critical Levels:
- Resistance: $0.0550, $0.0600
- Support: $0.0450, $0.0400
Take-Profit Targets:
1. Target 1: $0.0530
2. Target 2: $0.0570
3. Target 3: $0.0600
Stop Loss Level: $0.0430
Cautionary Note:
Traders should watch for stability around the $0.0480 entry price. If the price consolidates above this level, it could signal a potential breakout. However, if the price falls below the $0.0450 support level, it may indicate a reversal.
Trade wisely and always consider the market conditions before making any decisions. 📈
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