Here is a technical analysis of the Swarm Markets (SMT/USDT) 1D chart on MEXC (Heikin Ashi candles):
📊 General Overview:
Pair: SMT/USDT
Chart Timeframe: 1 Day (Daily)
Exchange: MEXC
Candle Type: Heikin Ashi
Current Price: ~$0.056
Daily Change: +3.85%
Volume: Slight pickup recently
Indicators on chart: Market structure (CHoCH, BOS, EQH/QL), Liquidity Zones
🔍 Structure Breakdown:
🟥 Macro Trend: Bearish
Long-term downtrend from $0.450 → $0.050
Multiple Breaks of Structure (BOS) confirming continued bearish control.
CHoCH (Change of Character) attempts in April and May failed to flip structure sustainably.
📉 Bearish Continuation Pattern
After a brief sideways accumulation between March–May, price rejected at ~0.10 zone, which acted as resistance (EQH).
Repeated lower highs and lower lows = typical downtrend behavior.
Another BOS recently confirms the bearish continuation.
🧱 Support Zones
Current support (Weak Low): ~$0.0512
A critical area. If broken, may lead to new lows.
No major support until historical levels below $0.045, if selling continues.
🔴 Resistance Zones
Nearest major resistance: ~$0.065 - $0.075
Mid-term resistance: ~$0.10 - $0.13
Strong supply zone: ~$0.18 - $0.23 (historical breakdown level)
📊 Volume Analysis
No strong buying interest despite recent CHoCH attempts.
Volume spikes on sell-offs, weak during price recoveries = bearish bias.
🧠 Interpretation & Strategy:
🟠 Bearish Bias
Structure, price action, and volume suggest ongoing bearish momentum.
False breakouts and failed CHoCHs indicate weak bullish pressure.
🟢 Bullish Case (Speculative)
Only if the price holds above $0.0512 and breaks above $0.065–$0.075 with volume, then a short-term reversal could be forming.
Watch for CHoCH + Volume confirmation to consider a long setup.
🧱 Risk Zones
Below $0.050, very limited historical support = potential sharp drop.
Any long positions without confirmation = high-risk.
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Disclosures:
This analysis is for informational purposes only and is not financial advice. It does not constitute a recommendation to buy, sell, or trade any securities, cryptocurrencies, or stocks. Trading involves significant risk, and you should consult with a qualified financial advisor before making any investment decisions. Past performance is not indicative of future results.
📊 General Overview:
Pair: SMT/USDT
Chart Timeframe: 1 Day (Daily)
Exchange: MEXC
Candle Type: Heikin Ashi
Current Price: ~$0.056
Daily Change: +3.85%
Volume: Slight pickup recently
Indicators on chart: Market structure (CHoCH, BOS, EQH/QL), Liquidity Zones
🔍 Structure Breakdown:
🟥 Macro Trend: Bearish
Long-term downtrend from $0.450 → $0.050
Multiple Breaks of Structure (BOS) confirming continued bearish control.
CHoCH (Change of Character) attempts in April and May failed to flip structure sustainably.
📉 Bearish Continuation Pattern
After a brief sideways accumulation between March–May, price rejected at ~0.10 zone, which acted as resistance (EQH).
Repeated lower highs and lower lows = typical downtrend behavior.
Another BOS recently confirms the bearish continuation.
🧱 Support Zones
Current support (Weak Low): ~$0.0512
A critical area. If broken, may lead to new lows.
No major support until historical levels below $0.045, if selling continues.
🔴 Resistance Zones
Nearest major resistance: ~$0.065 - $0.075
Mid-term resistance: ~$0.10 - $0.13
Strong supply zone: ~$0.18 - $0.23 (historical breakdown level)
📊 Volume Analysis
No strong buying interest despite recent CHoCH attempts.
Volume spikes on sell-offs, weak during price recoveries = bearish bias.
🧠 Interpretation & Strategy:
🟠 Bearish Bias
Structure, price action, and volume suggest ongoing bearish momentum.
False breakouts and failed CHoCHs indicate weak bullish pressure.
🟢 Bullish Case (Speculative)
Only if the price holds above $0.0512 and breaks above $0.065–$0.075 with volume, then a short-term reversal could be forming.
Watch for CHoCH + Volume confirmation to consider a long setup.
🧱 Risk Zones
Below $0.050, very limited historical support = potential sharp drop.
Any long positions without confirmation = high-risk.
-
Disclosures:
This analysis is for informational purposes only and is not financial advice. It does not constitute a recommendation to buy, sell, or trade any securities, cryptocurrencies, or stocks. Trading involves significant risk, and you should consult with a qualified financial advisor before making any investment decisions. Past performance is not indicative of future results.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.