Srm at perfect buying spotSrm is ready to move up as soon as btc goes sideways srm will sky rocket. Keep an eye.
Serum
SRMUSDT descending wedge bullish reversal in the making?Past 5 days have presented bullish price action with a potential HL printed inside the wedge. Price currently pressing up against wedge resistance trend line.
With overall market showing signs of going higher, a breakout here is likely imminent.
SRM 12H BUYSRM 12H support is at ~$7.7
Enter 50% here
and try to set some buy orders near the support zone
If SRM holds above the trendline,
the Take-Profit target would be $8.47, $9.24, and $10
Cheers
SERUM UPDATE - I was right... again. ;)Broke out at our descending wedge just as expected! Smashed our previous "moving average" resistance level. FEELING BULLISH. If SOL continues to run, so will Serum. Looking for a 2-3x on investment minimum.
Not to mention, this allows cross chain trading. i.e. Trade your Bitcoin for ETH, then trade your ETH for SOL. I've also noticed some crypto games are using Serum (for example, ATLAS and Wilder Worlds), because of this the crypto gaming market should drive up Serums price as well.
🌊 SRM-- Macro view with levels // TP: 500%The price is moving in a parallel channel and is currently on the edge of breaking out from the descending triangle formation, which has higher odds of breaking to the downside. So if that happens, it won't come as a surprise, and in fact could be a good opportunity to start opening longs in the zone of demand or near the bottom trendline.
However- overall the market sentiment is pretty bullish, and the price is being supported by 200EMA, which gives a good chance for continuation. No valid entries for now, until the price reclaims 8.16 level (nearest resistance) Although If ones like to gamble, they may buy the pre-breakout setup at current price (now) 😎
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About SRM:
Serum is a decentralized exchange (DEX) and ecosystem that brings unprecedented speed and low transaction costs to decentralized finance (DeFi). (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.
In light of the popularity of DeFi and the growth of DEXes on Ethereum, users and developers are limited by high gas costs and slow transactions. Serum aims to resolve these traditional problems of DeFi, as well as issues of centralization, low capital efficiency, and liquidity segmentation.
Source: coinmarketcap
SRM LONG - AMAZING SETUPAmazing setup if BTC holds and we remain bullish. SRM holding right at both crucial supports and the continuation pattern forming on both pairs look good also.
Safe long with tight stops, amazing potential.
Targets will be updated
* Reminder, if BTC slaps down, this won't stand. BTC is nearing an ATH be careful.
SRM 1D BUYSRM 1D support is at ~$7.9
Try to set some buy orders near the support zone
If SRM holds above the trendline,
the Take-Profit target would be $8.4, $8.8, and $9.5
Serum ATH soon? SOL is bullish, next sol summer is coming?
We can see SERUM also break the downtrend and bullish now.
- Fib 0.618 very strong support
- SOL ATH again
- Serum is the most important SOL Defi project and founded by SBF
- Raydium have better performance than Serum last round, I think this round Serum will chase back and stronger
- New function is coming soon in Q4-2021 & Q1-2022
Derivatives on Serum:
Perpetual future products: 2022Q1–2022Q2
Borrow-lending, with support for a wide swath of collateral tokens: 2021Q4–2022Q1
Spot margin: 2022Q1–2022Q2
This is not financial advice. Just my point of view.
You're welcome to leave your comment if you want further discussion.
** SRM/USDT Breaking Out **SRM retested the trendline and bounced back from there. Now SRM trying to break 8 -8.2$ Supply zone(1st target at 8$- achived ). If it could be breakout with with a good voloum you can enter for a second long trade. second target placed at 9$. Because the next resistance for SRM is 9.05-9.25$ area and after that we will see good upward rally .
**DYOR**
#SRM | #Serum tries to break the $8 resistance again.. "#SRM | After #serum breaks the $8 resistance, it will continue to rise again like #Solana.
In addition, bowl-handle formation is clearly seen in the graphic.
*Not investment advice."
SRM/USDT TRADE SETUP!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this quick update on SRM. SRM looks good here and currently SRM breaking out of the ascending triangle. I'm expecting a 20-30% pump from here.
Entry range:- $7.2-$7.6
Target1:- $7.98
Target2:- $8.5
Target3:- $9.2
Target4:- $9.8
SL:- $6.88
Leverage:- 3x-5x
If you like this idea then do appreciate it with like and follow.
Also, share your views in the comment section.
This isn't financial advice. DYOR before investing.
Thank You!
SRMUSDT BUY ZONESRM has finally broken out from the descending channel and is in a good place to run upwards.
SRMUSDT : SERUM on deck🧴*NOT FINANCIAL ADVICE: This idea IMO for personal use only*
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An update from my last chart dated 15/Sep:
Still very bullish on this one and continues to be a long-term hold strategy.
Has the potential to do another Solana since it's their DEX exchange and built on their technology.
At the time of charting this it ranks #91 on coinmarketcap which is a jump from #125 on charting, and an increase of market cap to $966.2M from $511M on last charting.
$SRM is a DEX with eco system said to be much Faster, Cheaper and more powerful than DeFi. Designed around a fully on-chain central order book and matching engine.
It's the ONLY high performance DEX to exist at the time of writing this. *Read that again*
One to watch. For now, I have just bought a small hold bag and have set some buy orders for lower too as I'm expecting some further pull back before the next leg up ( DCA ). Defo staying bullish & watching this one.
Using naked price action analysis:
🔸 ATH , Volume , Fib confluence zones and levels, bullish descending and flag formations
🔸 For Trading: Suggested Entry, SL & Exit points are my theory only.
🔸 For Holding: Since this is a hold strategy / bag-set-and-forget strategy, I will DCA along the way on dips only, so any entry is a good entry.
🔸 Currently available on Binance, Uniswap, Sushiswap, Serum Dex. Head over to CoinMarketCap for full details of listed markets and tokenomics metrics. Only use the contract address officially listed on their website or on CMC , *be wary of scam listings elsewhere*
As always, watch for volume . Do your own research, check on-chain data. Always be watching BTC .
This is not Financial Advice.
Good chat.🤖
Previous Chart 15/Sep:
SERUM - all day🧴 *NOT FINANCIAL ADVICE: This idea IMO for personal use only*
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Very bullish on this one and will be a long-term hold strategy.
Has the potential to do another Solana since it's their DEX exchange and built on their technology.
At the time of charting this it ranks #125 on coinmarketcap with market cap $511M .
$SRM is a DEX with eco system said to be much Faster, Cheaper and more powerful than DeFi. Designed around a fully on-chain central order book and matching engine.
It's the ONLY high performance DEX to exist at the time of writing this. *Read that again*
One to watch. For now, I have just bought a small hold bag and have set some buy orders for lower too as I'm expecting some further pull back before the next leg up (DCA). Defo staying bullish & watching this one.
Using naked price action analysis:
🔸 ATH , Volume, Fib confluence zones and levels, bullish descending and flag formations
🔸 For Trading: Suggested Entry, SL & Exit points are my theory only.
🔸 For Holding: Since this is a hold strategy / bag-set-and-forget strategy, I will DCA along the way on dips only, so any entry is a good entry.
🔸 Currently available on Binance, Uniswap, Sushiswap, Serum Dex. Head over to CoinMarketCap for full details of listed markets and tokenomics metrics. Only use the contract address officially listed on their website or on CMC, *be wary of scam listings elsewhere*
As always, watch for volume. Do your own research, check on-chain data. Always be watching BTC.
This is not Financial Advice.
Good chat.🤖
$SRM Daily 09/15/2021What Is Serum?
Serum is a decentralized exchange (DEX) and ecosystem that brings unprecedented speed and low transaction costs to decentralized finance (DeFi). (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.
In light of the popularity of DeFi and the growth of DEXes on Ethereum, users and developers are limited by high gas costs and slow transactions. Serum aims to resolve these traditional problems of DeFi, as well as issues of centralization, low capital efficiency, and liquidity segmentation.
The SRM utility and governance token enable users to receive discounts on protocol fees and voting rights; 100% of exchange fees flow back to SRM via buy-and-burn, staking rewards, and ecosystem grants.
SRM USDT 4 Hthose who missed the run of $sol are now packing $srm bags in the anticipation to have a similar run
yes it can, but if it does not hold this 9.6$ - 10.3$ level, pick it back at 8$ then
if it runs back turbo upwards, then the first target can be 14$