FieryTrading

πŸ”₯ SRM Channel Reversal Trade

Short
BINANCE:SRMUSDT   SRM / TetherUS
Today, SRM has seen some strong bullish movement, contrary to most of the crypto market. That bullish move alone would make it a decent bearish trade on itself. Looking at the chart, we can clearly see that a bullish channel has developed over the course of a few weeks. In the last H4 bar, the price seems to be reversing towards the channel support. This trade is based on that reversal.

On the chart I’ve marked two potential areas of support, S1 and S2. These areas are based on recent swing lows. Do your own due diligence.

Happy trading!

Trade closed: stop reached: The market has changed substantially in the last two days. This trade is not active anymore.
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Comments

It's break out channel and going parabolic
+2 Reply
breinbanaan b2001afshin
@b2001afshin, agree
Reply
Great job as usual 😊
+1 Reply
short to where
Reply
What about coti guys ? To hold or sell
Reply
its parabolic run
Reply
Thanks for your insight
Reply
wow, good!
Reply
bayfoxtrot alikazemi22222222222
@alikazemi22222222222 hold its parabolic run
Reply
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