D7R

Serum (SRM) • This lowcap is finally looking great

Long
FTX:SRMUSD   Serum / USD
This chart contains what i think to be the most important technical ranges as target zones where price can see serious pullback or trend reversals.

The current momentum and volumes is looking good. Be aware of possible pullback.
If it trade bellow the described entry zone i think is good to de-risk and wait until it regain the level OR i dips into the buy zone for better RR.

There was finally a break of major macro trend. However this doesn't mean we are heading straight to all time high.

The quarterly open around 7.5 is a very significant levels because is basically 50% of the whole trading range visible on higher timeframes.

This coin is a low-cap (above top #100) and backed/supported/endorsed by FTX so expect to have some cycle where it is likely to keep marking up.

We need to be on the watch out for possible reversals because the market in general due to macro environment still looking shaking.



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