Hi dear friends, hope you are well and welcome to the new update on Serum ( SRM ) coin.
Previously we had a nice harmonic trade of SRM:
Now on a daily time frame, SRM has formed bullish BAT pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Sold at $3.42:
Price rejected at important level on 4 consecutive days.
MFI showing bearish divergence.
1. If price retraces to 2.50 -2.60 range ( 0.5 - 0.618 Fib) OR
2. On a pull-back if price brakes through resistance level
3. If price goes below stop loss, buying back if it goes to support area.
Note: Not investment or financial advice.
Serum (SRM) Sell Zone
Mid-Term : Neutral
Long-Term : Bullish
Risk : High
Now that $3 is acting as mid-term resistance zone and our current market structure has become neutral in mid-term, we can expect a short-term correction.
$SRM/USDT SHORT SETUP
Leverage : x3 - x5
Entry Price : 2.89 - 3.05
TP 1 : 2.79
TP 2 :...
In our previous SRM analysis, we identified areas to buy and averege in.
We have gotten our wish buy zone at the 1.236 fib support region which coincides with the PoC(Point of Control) on the Volume Profile tool.
We can also see the RSI is at support region tho not oversold yet(weekly) and the Stochastic is oversold which makes for a good buying opportunity to...
Hi Dear traders, this is my opinion, and I think SRM will go for the targets that I have mentioned in the chart. You can use it for futures trading with a 20x leverage. Be sure to use stoploss exactly on 2.36592. I am going to open my position too. Good luck, and please do not get greedy!
What Is Serum?
Serum is a decentralized exchange (DEX) and ecosystem that brings unprecedented speed and low transaction costs to decentralized finance (DeFi).
Serum is the only high-performant DEX designed around a fully on-chain central limit order book and matching engine. Ecosystem partners can compose with Serum’s on-chain orderbook to share liquidity and...
Broke out at our descending wedge just as expected! Smashed our previous "moving average" resistance level. FEELING BULLISH. If SOL continues to run, so will Serum. Looking for a 2-3x on investment minimum.
Not to mention, this allows cross chain trading. i.e. Trade your Bitcoin for ETH, then trade your ETH for SOL. I've also noticed some crypto games are using...
Past 5 days have presented bullish price action with a potential HL printed inside the wedge. Price currently pressing up against wedge resistance trend line.
With overall market showing signs of going higher, a breakout here is likely imminent.
Waiting on confirmation, but we have a bullish descending wedge formed, and a potential cup and handle.
Also Serum is being used to develop multiple games. Also it is under SOL which is hot right now.
If the volume looks good as well, we are good to go.
See you on moon!
SRM started a new business cycle.
At the moment, the price has completed the correction and is consolidating in the range of $6.80 - $8.24
Buy entry can be considered between $6.80 and $7.32
Stop loss is advisable to be placed near the level of $5.26 at a price mark of $5.38.
The targets for buying would be price levels of
If you are on the bullish side for SRM, here are the potential targets with forming a cup & handle pattern.
Cup & Handle may fail eventually since they are actually rare but Target 1 is very conservative and Risk Management is a must around $13