SRM has completed the previous cycle and enters accumulation. At the moment the price of the asset is in the trading range of $1.68 - $3.06
Falling trading volume and volatility are typical for the beginning of the accumulation phase of the asset. Good opportunities for medium and long term purchases are opened near the price levels of $1.68 and...
We have Hidden Bullish Divergence at Support on the Daily and a Lower Low Double Bottom Spring of a potentially failed Double Top Pattern on the Weekly with Bullish Divergence and if it plays out we can very well see a rally up to $12 and if it breaks all time highs it will target $22-$24
This chart contains what i think to be the most important technical ranges as target zones where price can see serious pullback or trend reversals.
The current momentum and volumes is looking good. Be aware of possible pullback.
If it trade bellow the described entry zone i think is good to de-risk and wait until it regain the level OR i dips into the buy zone...
Finally figured out how to create these sort of charts... been running some variation of this for a bit:
Long (fastest growing TVL's):
Luna / Terra
Axie Infinity (revenue collapsed, m-cap has failed to catch up... or down should I say)
Serum (this FDV will forever be bonkers)
... meme trade, but how else do you want 100%...
Support and resistance
(i don't think it's its bottom :DDD but there's no more support lower that)
Don't forget to place the stop loss at ur acceptable risk.
Trade safe and fun .
Feel free to comment & share ur ideas
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...
SRM Decentralized Exchange
DeFi coin... built on Solana part of Sam FTX portfolio
Looking good here around bottom
$30 once we break the previous high, I think it is not hard to break.
T2: $48 then all sky clear to $90
serum price will rise to resistance (12-13 dollar)
double bottom on the chart, that zone is retested.
this zone is also wave-count 1 and 4
seems this abc correction is done and will bounce of this support "zone"