This coin is currently near its daily support level, and there is a possibility of a price rebound from this area.
However, we should be cautious about a potential fakeout below this level.
If the coin holds above the mentioned support zone, we can expect a potential upward move.
However, we should be cautious about a potential fakeout below this level.
If the coin holds above the mentioned support zone, we can expect a potential upward move.
Trade closed: stop reached
🔄 SWCH Update – Support BrokenSWCH reached the key support zone, but failed to hold above it.
As a result, the support was broken, and the previous analysis is now invalid.
At this point, it’s best to wait for new price action and structure before considering further moves.
📘 This update is for informational and educational purposes only and does not constitute financial advice.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.