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Serum

It's Hard to Ignore The Price Action of SRM at These LevelsSRM is the native token to FTX's DeFi Exchange Serum that is run on the Solana Network and I have Been Eyeing SRM around these levels for several months now and while I am Bearish on the Macro, something tells me that we could get some positive FTX related news soon and if we do, it would make sense for this 1.618-1.902 Fibonacci Extension Area to hold. If it does, I think it could at least go back up to the heart line, but it could do much more. We have some Bullish PPO Arrows in this area so that's a good sign already. I don't have much of a stop loss for this trade as SRM is way too volatile, but I personally will be sticking with buying some spot and risking small amounts of leveraged money at these areas just to see if I can get anything out of it while using the 1.902 as a general cutoff point.
SLong
by RizeSenpai
Serum DEXWhat 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 power their trading features for institutional and retail users. ------------------------------------------------ Trading Plan ------------------------------------------------ Buy : 2.7 - 2.5$ Rebuy Bottom : 1.10 - 1$ TP1 : 7.8$ ( Security TP ) TP2 : 12.8$ ( ATH) TP3 : 19.4$ SL : No Need ------------------------------------------------ - - Fortune Favor the Braves -- Happy Tr4Ding !
FTX:SRMUSDLong
by thecryer
4
Large CUP & Handle Formation on Daily/3D/Weekly #srm $srmWhat Is A Cup And Handle? A cup and handle price pattern on a security's price chart is a technical indicator that resembles a cup with a handle, where the cup is in the shape of a "u" and the handle has a slight downward drift. The cup and handle is considered a bullish signal, with the right-hand side of the pattern typically experiencing lower trading volume. The pattern's formation may be as short as seven weeks or as long as 65 weeks. KEY TAKEAWAYS A cup and handle is a technical chart pattern that resembles a cup and handle where the cup is in the shape of a "u" and the handle has a slight downward drift. A cup and handle is considered a bullish signal extending an uptrend, and is used to spot opportunities to go long. Technical traders using this indicator should place a stop buy order slightly above the upper trendline of the handle part of the pattern.
FTX:SRMUSDLong
by TheTraderAndy
Serum vs Tether Looks Great, Will Grow Huge! (145% Short-Term) Serum (SRMUSDT) is looking really, really good chartwise. Let's get straight to it... Feel free to hit like to get started! --- Today we look first at the trading volume. Notice the huge green bars after the 5th July low... Wow. Huge buying pressure. SRMUSDT is now trading above EMA50 with all this volume. The RSI is super strong above 60. The initial low was set 12-May, as with other pairs, but the lower low that followed came in 5th July rather than 18-June, making it different than the rest of altcoins. Now that we see clearly prices moving above EMA50 on high volume with strong indicators, it signals that there is more. We are looking at 79% potential profits on the first target with over 145% on the second one. I would say within 2-4 weeks we can hit those targets but it can be less... Just as it can take a little more. This is the bullish scenario. If the prices move and close below the 5th July low ($0.724), the bullish bias is invalidated. Thanks for the support. Namaste.
SLong
by AlanSantana
5
SERUM Showing signs of strengthNice squeeze on $SRM ! Not convinced on the move, generally speaking, as it hasn't broken any serious resistance yet but it is nice to see some strength in the market on coins that are potentially reaching under-valuation Looks to have broken the diagonal but has not broken upper resistance, if the market gets a decent shift soon I could see this squeezing further though. All in all, a shorter term relief rally imo. We will come back... just a matter of time. V
SLong
by cryptovatsik
1
Serum SRMUSDT - Falling wedge + Elliott Wave + Channel- On the daily chart, we can see a huge falling wedge - bullish reversal pattern. - The wedge has been broken and retested by the bears. - Also the price is forming a descending channel, so for a confirmation trade - wait for the channel breakout. - Out profit target is top of the wedge or 0.5 FIB. - As per my Elliott Wave analysis - the impulse wave has been completed successfully! - There are definitely better altcoins to buy at this moments, but i want to share with you also this coin. - Look at my ideas about another interesting altcoins in the related section down below ↓ - For more ideas please hit "Like" & "Follow"!
SLong
by UnknownUnicorn2537518
7
Serum (SRM) Sell ZoneSerum (SRM) Sell Zone -------------------- BIAS Short-Term : Neutral Mid-Term : Bullish Risk : Medium After rejecting $2.1 zone Serum has gone up to $2.3 zone it looks like they have enough buying intentions to push us higher in the next few days. -------------------- $SRM/USDT LONG SETUP Leverage : x3 - x5 Entry Price : 2.25 - 2.12 TP 1 : 2.35 TP 2 : 2.45 TP 3 : 2.555 TP 4 : 2.65 TP 5 : 2.83 TP 6 : 2.95 TP 7 : 3.06 TP 8 : 3.15 Stop Loss : 2.06 *Maximum 3% of Portfolio. *Unload 12.5% at each TP. Whenever TP 2 hits, Move stop loss to entry. --------------------
SLong
by Zerene
🆓Serum (SRM) Apr-10 #SRM $SRM SRM is having an important support area at $2.4, when SRM approaches this zone, buying power can completely appear to help SRM increase back to $3 or even continue to increase to $3.6 and $4.2 zone 📈RED PLAN ♻️Condition : If 1-Day closes ABOVE 2.4$ zone 🔴Buy : 2.4 🔴Sell : 3 - 3.6 - 4.2 📉BLUE PLAN ♻️Condition : If 1-Day closes BELOW 2.4$ zone 🔵Sell : 2.4 🔵Buy : 2.1 - 1.8 ❓Details 📈Red Arrow : Main Direction as RED PLAN 📉Blue Arrow : Back-Up Direction as BLUE PLAN 🟩Green zone : Support zone as BUY section 🟥Red zone : Resistance zone as SELL section
SLong
by CryptoStation
1
SRM LONGTERM ANALYSISIn our previous SRM analysis, we identified areas to buy and averege in. We have gotten our wish buy zone at the 1.236 fib support region which coincides with the PoC(Point of Control) on the Volume Profile tool. We can also see the RSI is at support region tho not oversold yet(weekly) and the Stochastic is oversold which makes for a good buying opportunity to average in. However, don't go all in and only invest what you can afford to lose at these prices as Bitcoin could still take another rollercoaster ride to the downside. Watch and place more orders around the $1-0.8 dollar region for volatility. Hold till Price Rejection. If you agree pls like and share your thoughts below.
SLong
by RektMyMom
1