🎯 SWING TRADE ALERT | RELY

Setup: Swing Trade

Entry Zone: $18.50 – $19.00

Stop Loss: $17.75

Targets:

 • T1: $20.50

 • T2: $22.00

Position Sizing: Max 2–3% portfolio risk

⸻

📌 Support & Resistance

 • Support: $18.25 (recent swing low) | $17.75 (stop-loss)

 • Resistance: $20.50 (T1) | $22.00 (T2) | $23.25 (swing high)

⸻

🔹 Technical Summary

 • Bounced off strong support at $18.25, forming a higher low.

 • RSI recovering from oversold → momentum building.

 • Volume above 20-day average → institutional accumulation.

 • Higher lows over past week → classic swing setup.

⸻

🔹 Catalysts & Commentary

 • Consolidating after last week’s pullback; targeting a 10–15% swing.

 • Break above $19.00 with volume confirmation boosts probability of hitting targets.

 • Sector momentum favorable → supports upward move.

⸻

🌐 Market Conditions

 • Broad market moderately bullish; no extreme volatility expected in next 2–5 days.

 • Watch pre-market news & sector trends for impact on RELY.

⸻

⚠️ Risk Management

 • Stop: $17.75 → cut losses if price falls below support.

 • Profit Taking: Partial at T1 ($20.50); trail stop for T2 ($22.00).

 • Position sizing should reflect personal risk tolerance.

⸻

📝 Trader Notes

 • Ideal for 2–5 day swing setups.

 • Monitor support/resistance for reversal signs.

 • Momentum trades perform best when aligned with market trends.