Serum SRM / USD

A nice 60% gain to be had here without much need for patience. The reasoning:

1) On the above 1-day chart price action finds support on previous resistance.

2) Price action is in the bullish half of the Bollinger Band as the mouth is constricting, which suggests a big move is coming, & soon.

3) MFI support continues following resistance breakout.

Lastly and perhaps the must conniving is the weekly chart below. The candle tells us there is strong buying pressure as price action finds support on the 21-week moving average (yellow line).

Trade active

Comment:

*swing trade opportunity*

4-day charts prints a 'hanging man' candle with RSI support trend line break. Might be a opportunity to take some profits off the table after a 220% run in such a short space of time.

Support is around $3.30

Trade active

Trade active:

460% return so far - not bad - no overbought condition so far = hold.