SRM is showing a great amount of accumulation and if this level holds then we should see significantly higher prices.
Whoever is buying this should look to accumulate at this level for the next few days/weeks, when resolution comes and the accumulation period is finished then this asset could really explode.
Having said that, it is a previous FTX token that has always been a loser and only really seen downside. The technical aspects are all there and thats why we have taken this trade in the community, however, knowing that it is high risk.
We will update over the next few days.
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The backtest of the level was enough for the bids to come in. We are positioned incredibly well!!
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Above 5c we remain bullish and look to accumulate more
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Holding the latest demand level very well. Accumulating.
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Still holding this until we make a lower low and hold at the current level