#SwingTradingStrategy
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🟢 Market Overview
Current Price: $2.2407
24h High / Low: $2.3137 / $2.2377
Trend: Sideways with a slight bullish tilt
Volatility: Contracting slightly; price is coiling for a potential breakout
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📊 Technical Indicators
🔹 Bollinger Bands
Price hugging the upper half, showing mild bullish pressure.
Bands are tightening, signaling potential breakout.
🔸 MACD
Both lines are close to zero: neutral momentum.
No clear bullish or bearish crossover yet = range-bound for now.
🔸 RSI
RSI at 39.29, indicating slight bearish bias but not oversold yet.
Watch for RSI bounce above 40 or break below 30.
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🔁 Price Action & Key Levels
📍 Immediate Resistance
Price Note
2.2570 Local resistance from consolidation
2.3019 Key breakout level – structure flips bullish above this
2.6498 - 2.8355 Long-term resistance from previous rallies
📍 Support Zones
Price Note
2.2335 Minor support zone – being tested now
2.2200 - 2.2000 Strong demand area
2.0000 Psychological level and strong support floor
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🎯 Trading Setups
📈 1. Long Setup (Reversal Bounce)
Entry: $2.22 – $2.23 zone
Confirmation: Bullish Heikin Ashi candle + RSI reclaiming 40+
Stop Loss: $2.195
Targets:
TP1: $2.257
TP2: $2.301
TP3: $2.35+
✅ Ideal for catching a bounce from the current demand zone.
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📉 2. Short Setup (Resistance Rejection)
Entry: $2.29 – $2.30 zone (previous rejections)
Confirmation: Bearish engulfing or RSI fail below 50
Stop Loss: $2.32
Targets:
TP1: $2.25
TP2: $2.22
TP3: $2.20
⚠️ Useful for shorting fake breakouts or sideways chop.
📌 Strategy Suggestions
Strategy Type Timeframe Bias
Scalping 15m–1h Long if bounce from $2.22
Breakout 1h–4h Bullish if break > $2.30 with volume
Swing 4h–1D Accumulate dips above $2.20 for $2.60–$2.80
📉 Market Sentiment