Swarms long idea

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Pair/Contract: SWARMS/USDT Perpetual Contract (1H timeframe, WEEX).
• Current Price: ~0.02719 USDT (+3.19%).
• Price Action:
• The chart shows a strong uptrend with higher highs and higher lows from early September.
• Price recently broke above a key resistance around 0.02714 – 0.02805, now acting as support.
• Setup:
• A long trade position is highlighted.
• Entry Zone: around current price (0.02719).
• Stop-loss: placed below the breakout zone, around 0.02560.
• Target Zone: ~0.03324 (upper resistance area).
• Support & Resistance Levels:
• Resistance: 0.02805, 0.03424.
• Supports: 0.02714, 0.02560, 0.02483, 0.02400, 0.02356, and a major support at 0.02104.
• Risk/Reward:
• The highlighted green/red box shows a favorable risk-to-reward ratio (larger upside potential vs downside).
• Indicators: Short-term moving averages are aligned upward, supporting bullish momentum.

📈 In summary: The chart is showing a bullish breakout setup where the price has pushed above resistance, with upside potential toward the 0.033+ zone, while stop-loss is set just below the breakout level.

Penafian

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