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Details: ht
Someone asked me about a chart request on $SWARMS, so I highlighted this chart to showcase our strategy for spotting market bottoms.
Right now, price action is holding between the 0.786 and 1 Fibonacci levels. This is typically the zone where you want to accumulate an asset after it experiences listing pullbacks not at the peak when everyone is euphoric.
Our idea here is purely based on liquidity, nothing else. I’m not concerned about what the project does or doesn’t do; the focus is strictly on liquidity flows. From this point, liquidity signals a potential move to the upside.
For SWARMS, the first upside target is around $0.08, followed by a pullback, and then potentially a blow-off top between $0.24 and $0.62. In the best-case scenario, it could even sweep its previous all-time high. With only a $20M market cap, this asset appears extremely undervalued, and I believe buyers are about to step in soon.
Bottom formation / Rounding bottom