Long
$SRM idea
Serum is a low cap DEX built by FTX team on top of the Solana Blockchain to empower DeFi and compete with CEX.
The whole Solana ecosystem is rising and Serum look pretty strong when we look at TA.
Short consolidation (clean ABC) in March after precedent mark up in price.
Price is currently above Point of Control (PC) of the consolidation and should at least retest the red supply zone.
We have some sort of Flag that has been formed but difficult to say if we have breakout from, but likely.
April should be a good month for crypto and other markets, so a new ATH is not out of the box.
$13-$14 range should be a nice start and $20 seems realistic.
The whole Solana ecosystem is rising and Serum look pretty strong when we look at TA.
Short consolidation (clean ABC) in March after precedent mark up in price.
Price is currently above Point of Control (PC) of the consolidation and should at least retest the red supply zone.
We have some sort of Flag that has been formed but difficult to say if we have breakout from, but likely.
April should be a good month for crypto and other markets, so a new ATH is not out of the box.
$13-$14 range should be a nice start and $20 seems realistic.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.