Serum (SRM) coin forming Shark for upto 45.5% profit rally
Hi dear patrons, hope you are well and welcome to the new update on Serum coin.
Previously we had a good trade of Shark pattern by SRM coin:
Now again on the 12-hour chart, the price action of the Serum coin is completing the formation of another bullish harmonic Shark pattern. There is also 100 simple moving average support below the buying zone.
Buying and sell targets for Shark move:
The buying and sell targets as per the Fibonacci sequence of the Shark pattern should be:
Buy between: $4.75 to $4.26
Sell between: $5.21 to $6.21
Stop loss:
The maximum extent of the potential reversal zone to $4.26 can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility of 45.5%,%, and the high loss possibility up to 11%.
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.
Previously we had a good trade of Shark pattern by SRM coin:
Now again on the 12-hour chart, the price action of the Serum coin is completing the formation of another bullish harmonic Shark pattern. There is also 100 simple moving average support below the buying zone.
Buying and sell targets for Shark move:
The buying and sell targets as per the Fibonacci sequence of the Shark pattern should be:
Buy between: $4.75 to $4.26
Sell between: $5.21 to $6.21
Stop loss:
The maximum extent of the potential reversal zone to $4.26 can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility of 45.5%,%, and the high loss possibility up to 11%.
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.
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.