Today, SRM has seen some strong bullish movement, contrary to most of the crypto market. That bullish move alone would make it a decent bearish trade on itself. Looking at the chart, we can clearly see that a bullish channel has developed over the course of a few weeks. In the last H4 bar, the price seems to be reversing towards the channel support. This trade is...
Please refer to the chart for my ideas, try to place buy at the support zone.
Above is my personal opinion, I do not encourage anyone to follow suit, please manage your money, Good luck!
SRMUSDT just had about 80% move up.
It might get a support around $5.9 - $6.7 and the go back up and touch the highs of $8.
⚠️ NOTE: This usually happens when a coin gets hot on crypto platforms: it might go down by a little and then get back up to a new high.
Good Luck 🎲
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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 awaiting for a major breakout.
Once it crosses its recent high of 5.35 this can go parabolic.
But all depends on KING BTC to be stable and entering into March month we must tread cautiously as last year March we saw BTC to drop 80%. Not expecting such a big drop but cant rule out 30%-50% drop in BTC which might affect coins like SRM.
SRM is at the moment flipping the previous resistance of our first target into support ...
If we successfully close above, we will head till the 5 dollars region !
Enjoy the ride ...
The content covered in this publication is NOT to be considered as investment advice.
Thank you all,
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I like to watch the price action on this coin because it respects it a lot. Now we are seeing a reversal price action for a buy. For you not to miss any update, follow, like or comment. Thank you for your support. Trade with PROFITS.
1. there will be a crypto developer event called "DeFi Hackathon" by serum&solana on 15 february.
expecting more serum token use cases + more collaboration with famous DeFi such as Sushiswap, AAVE, REN, etc.
2. Serum developing new product called "RAYDIUM" (looks like initial offering platform)
3. by now, serum token already have many use cases on Dapps &...
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