Current price: $swarms
$0.01466$
24h growth: +19%
RSI (14) on 1h: 56.49 – neutral-positive zone, no overheating yet
Volumes are rising for the third day in a row, yesterday +42% compared to the day before
Technical analysis:
The price confidently broke out of the descending wedge, the retest of the resistance line (0.0138) was successful and it has now become support. The next key zone is 0.0168–0.0172 (1.618 Fibonacci level and previous local high). A breakout and consolidation above it will open the way to 0.022 (+50% from current) and higher.
Bullish scenario
Entry: now or bounce $SWARMS from 0.0140–0.0142
TP1: 0.0168 (+14.5%)
TP2: 0.0195 (+33%)
TP3: 0.0225 (+53%)
SL: 0.0139 (–5%, below the retest zone)
Risk per trade: max 1–1.5% of the deposit
We move to breakeven after +8–10%
Bearish scenario
If we lose 0.0138 and close below – short/fixation
Entry: $SWARMS below 0.0137
TP1: 0.0122
TP2: 0.0108
SL: 0.0144 (+5%)
Conclusion: while the momentum is strong, bulls control the market. The main plan is long with strict risk management.
Volatility is high, so only a small % of the deposit and definitely breakeven.