reversalradar

SWAP Bullish Reversal Downtrend Broken

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SWAP has been super strong in this rally. It was due for a large correction. It has sold off 50%, which indicates a slower rise back, and potential danger in this coin of correcting another 15% or more, but we have high closes in several candles in a row here indicating a confirmed trend break instead of a sell from resistance. However, I do expect a correction or two from here, so bullish but looking for multiple buys on SWAP. I did place an oversize bet here and would scale back to rebuy at support of $2.50 or perhaps lower.

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