SWARMS, which side are you on this wave: trend continuation or cashing out at highs?
SWARMS has pumped +15.84% in the past 24 hours, pushing sentiment to the max. Right now, it’s not just about how much it’s gone up, but whether the chasing funds can still hold the line. Current price is around 0.010767, with a 24h trading volume of about 16.3595 million. A solid volume breakout is what really looks like the funds are chasing the trend.
Reference indicators: 30m super trend at 0.010367, and the current price is above that, indicating a trend continuation structure; 30m KDJ is at 96.86/95.90/98.80, suggesting short-term volatility is getting hot; conversely, if the J value fails to pull back, short-term volatility could easily weaken again.
I’ll break my judgment into two tickets: one ticket to see if the trend protection level has been breached again, and the other to check if there’s a bullish reversal after a short-term pullback. Both tickets need to pass for it to count as strong in the short term; if only one passes, we could see some back and forth.
Drop your thoughts in the comments: are you seeing continuation or a pullback?
#SWARMS #Alert
SWARMS has pumped +15.84% in the past 24 hours, pushing sentiment to the max. Right now, it’s not just about how much it’s gone up, but whether the chasing funds can still hold the line. Current price is around 0.010767, with a 24h trading volume of about 16.3595 million. A solid volume breakout is what really looks like the funds are chasing the trend.
Reference indicators: 30m super trend at 0.010367, and the current price is above that, indicating a trend continuation structure; 30m KDJ is at 96.86/95.90/98.80, suggesting short-term volatility is getting hot; conversely, if the J value fails to pull back, short-term volatility could easily weaken again.
I’ll break my judgment into two tickets: one ticket to see if the trend protection level has been breached again, and the other to check if there’s a bullish reversal after a short-term pullback. Both tickets need to pass for it to count as strong in the short term; if only one passes, we could see some back and forth.
Drop your thoughts in the comments: are you seeing continuation or a pullback?
#SWARMS #Alert