SRMUSDT SUPPORTS AND RESISTANCES DURING THE PAST 2 WEEKS (4H FRAMES)
WE CAN SEE CLEARLY THAT THE CRAUSH CHART IS STOPPED ON THE SUPPORT DURING YESTERDAY'S CRUSH.
I THINK THIS IS A GOOD TIME FOR ENTRY, BUT REMEMBER TO USE OTHER INDICATORS COMBINED TO S&R TO AQUIRE A 360 DEGREE VIEW ON THE CHART, ESPECIALLY SINCE WHAT HAPPENED YESTERDAY.
If SRM holds $3.2 zone and conquer 4.2$ zone, this will be a good opportunity for SRM to increase strongly to $6 or even $8 zone in this February.
-Buy: 3.2-3.4$. SL if B
-Buy: 4.1-4.3$ if A. SL if B
-Sell: 5.8-6.0$. SL if A
-Sell: 8.0-8.4$. SL if A
-Sell: 3.2-3.4$ if B. SL if A
-Buy: 2.2-2.4$. SL if A
Condition A : "If 8H candle...
SRM is strongly increasing from $1 zone and heading towards $2.4 zone. $ 1.7-1.8 zone is the critical support zone at the moment, as if it is lost it will fall to $1.3-1.4 zone before February.
However, SRM's bullish potential is huge as it can climb to $2.4, $2.8 and $3.4 in February.
-Buy: 1.7-1.8$. SL if B
-Sell: 2.3-2.4$. SL if A
The last Buy point for our members is at around $1.7
and now the first TP is reached at around $1.9
We suggested holding SRM for long-term investment
Easy Trading Indicator for Beginners
When the ema1 crosses above ema2, the area will be painted GREEN in color, and a BUY signal will appear. = BUY
When the ema1 crosses below ema2, the area will be painted RED in...
The coin came out of a long consolidation on momentum. The upward movement received a correction.
Entry can be looked for between $1.38-1.44
Stop: at $1.34
Target levels will be - 1.92 2.11
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At D1, the price broke the downtrend line and set new resistance at the 23.6% Fibonacci correction level ($ 1.34). RSI is in uncertainty, however, the overbought level can be reached in the near future.
At H4, the price corrected to the 76.4% Fibonacci correction level ($ 0.91), after which a rebound occurred. In both cases, the RSI reached oversold and overbought...
Symbol: SRMUSDTP, SRMUSD,SRMUSDT
Signal: Red-> Green
Context: yellow, means there is resistance upwards need to be overcome
Trade closed manually: Closed when the above ribbons turns Yellow or Red.
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On D1, the price has broken the downtrend line and reached the resistance at $ 1.3.
On H4, the price has formed an upward impulse pattern, which may turn out to be part of a large zigzag pattern.
At the current moment, the price is decreasing in the expected correction for the local upward impulse. RSI is slowly declining towards the oversold level.
SRM has hit critical support at 0.8$ and is likely to initiate a short term uptrend and then accumulate for a long term uptrend.
However, the 1.4$ zone is dangerous and we should exit here.
📈BUY- LONG Strategy
- Buy close to 0.8-0.85$, stoploss if B
- Sell close to 1.1-1.15$ if B, stoploss if A
- Sell close to 1.4-1.45$ if B, stoploss if A