Hello Traders!
SRMUSDT is at the support area and is forming bullish engulfing pattern. You can buy from here to the next resistance.
Don't forget to hit the like button and follow to stay connected.
We have 2 areas of interest which line up nicely with different trend lines. First is the major trendline where we can see the 100EMA support. Price has already bounced off there but if we see that break, the next area to look for buys is the 200EMA support where we can see a parallel channel support and it would complete the ABC bullish correction for a move higher!
SRM made double top before and now broke it if it retraces to 8.2 which is fresh trend fibo level plus 4H EMA then its definitely good buy opportunity
entry 8.23 SL 7.5
target at least current ATH
11.47 20% leave open for 3X
As direct as can be long position following the acceptance above the 5 level followed by a High Volume breakout that held above Prior ATH 8.14. Trade is invalid on acceptance below the 5 area & target are at 30 & above (30-35) area
Hi Traders and want to be traders,
I thought I post this so people can look and learn.
Here is a detailed chart with many opportunities to trade.
Each setup has its own checklist for entering the trade .
I have not pointed out where to take profits as that will really clutter the chart.
s3.tradingview.com
PS. Based on the...
SRMUSDT chart shows a perfect ascending triangle which bullish. It has already broken out which means that it may retest the previous resistance as support but you can always hold it. Targets are mentioned.
