Serum (SRM) coin formed Shark move for upto 105% bullish move
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Hi dear patrons, hope you are well and welcome to the new update on Serum (SRM) coin.
On the 4-hour time frame chart, the price action of the SRM coin is completing the final leg of the bullish reversal Shark move and soon it will be entered the potential reversal zone. There is also 200 simple moving average support in the buying zone.
Buying and sell targets:
The buying and sell targets as per the Fibonacci sequence of the Shark pattern should be:
Potential reversal or buying zone: $4.36 to $3.47
Fibonacci projection or sell zone: $5.26 to $7.14
Stop loss:
The maximum extent of the potential reversal zone can be used as stop-loss which is $3.47.
Possible profit and loss ratio:
As per the above targets, this trade has a huge profit possibility of 105%, and the loss possibility is 21%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Hi dear patrons, hope you are well and welcome to the new update on Serum (SRM) coin.
On the 4-hour time frame chart, the price action of the SRM coin is completing the final leg of the bullish reversal Shark move and soon it will be entered the potential reversal zone. There is also 200 simple moving average support in the buying zone.
Buying and sell targets:
The buying and sell targets as per the Fibonacci sequence of the Shark pattern should be:
Potential reversal or buying zone: $4.36 to $3.47
Fibonacci projection or sell zone: $5.26 to $7.14
Stop loss:
The maximum extent of the potential reversal zone can be used as stop-loss which is $3.47.
Possible profit and loss ratio:
As per the above targets, this trade has a huge profit possibility of 105%, and the loss possibility is 21%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
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