Looking closely on the SRM we have potential Ascending setup which already break the neckline upside.
Based on this it worth going in for medium term long.
Make sure to follow the suggested BUY zone on the chart with stop loss advice and leave us your comments about the our market view.
It will be good to always understand risk...
Nice bounce from the ~14k sats // .618 fib on the daily so far..
From here trying to see if it can show continuation above ~16k sats
Many alts have been retracing over the last 72hs so let see if that correction is over or not
Since entry on UCTS 1D Signal ~60% up
Divergence is present on SRMBTC and with the SOL chain coins like RAY running, we can expect a huge run on SRM as well. SRM is a DEX on Solana and is currently ranked at #117 with a market cap of $350 Million. Comparatively, UNI is Ethereum's DEX and ranked at #11 with a market cap of $13 BILLION. That is 37 times the market cap of SRM.
hit 11.2k sats resistance last week and a retest of 9500 sats support now, perfect scenario to place buy bids
my first target would be the resistance zone of 11.2k sats followed by a move to 13.5k sats
1) Bullish flag (no breakout yet)
2) Been consolidating since May 19th dip below the 0.236 FIB R range
3) 50, 100 & 200 EMA on the daily are getting close in preparation for a big move.
While this trade may take a while to materialize, and without the breakout it could be an early trade to buy in. But I jumped in for the price is attractive and Fundamentally it...