Nice! 🚀💫 Seeing SWIF drop to $0.31 could be a strong entry point if you’re eyeing a rebound. A few things to consider before you ride it to the moon:
Support & Resistance:
Check if $0.31 is near a historical support level. If it holds, it could bounce.
Resistance zones above will be key to watch for profit-taking points.
Volume Confirmation:
A dip with rising volume often signals strong interest and potential reversal.
Low volume could mean it’s just a temporary lull.
Trend Context:
Is this part of a larger uptrend, or a pullback in a downtrend?
Aligning with the dominant trend increases your odds of a strong move.
Risk Management:
Set stop-loss levels just below support to protect against a further drop.
Decide on target exits for partial or full profits.
If SWIF really takes off from here, $0.31 could be remembered as your launchpad. 🚀
If you want, I can sketch a quick target map for SWIF from $0.31 to the potential moon zones based on recent price action. Want me to do that?