TradingOn

$SRM/BTC 4h (Binance Spot) Falling wedge breakout

Long
TradingOn Updated   
BINANCE:SRMBTC   None
Serum is looking good for a bounce here after that break and pull-back.
Not just a DeFi token, Serum is built on Solana Program Library (SPL), more information on projectserum.com

Current Price= 0.0001772
Buy Entry= 0.0001768 - 0.0001658
Take Profit= 0.0002110 | 0.0002433 | 0.0002837
Stop Loss= 0.0001448

Risk/Reward= 1:1.5 | 1:2.72 | 1:4.24
Expected Profit= +23.18% | +42.03% | +65.62%
Possible Loss= -15.47%

Fib. Retracement= 0.382 | 0.618 | 0.887
Margin Leverage= 1x
Estimated Gain-time= 2 weeks
Trade active:
First entry filled

Serum is bouncing as planned so far, trying to regain 50MA which would propel it higher!

Trade active:
Second entry filled

Serum seems to be breaking down after all but we'll stick to the plan!


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