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.
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Trading Plan
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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
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- - Fortune Favor the Braves --
Happy Tr4Ding !
Serumusd
Serum (SRM) coin formed bullish BAT for upto 18.5% moveHi dear friends, hope you are well and welcome to the new update on Serum ( SRM ) coin.
Previously we had a nice harmonic trade of SRM:
Now on a daily time frame, SRM has formed bullish BAT pattern.
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
SRM Bullish scenarioIf you are on the bullish side for SRM, here are the potential targets with forming a cup & handle pattern.
Cup & Handle may fail eventually since they are actually rare but Target 1 is very conservative and Risk Management is a must around $13
Good Luck!
Serum (SRM) coin formed Shark move for upto 105% bullish moveHi 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.
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.
SERUM srm usd $6 easy this february ?Reasons:
1. there will be a crypto developer event called "DeFi Hackathon" by serum&solana on 15 february.
expecting more serum token use cases + more collaboration with famous DeFi such as Sushiswap, AAVE, REN, etc.
2. Serum developing new product called "RAYDIUM" (looks like initial offering platform)
3. by now, serum token already have many use cases on Dapps & Defi platforms. +interesting staking requirement + super cheap fees because of solana network.
4. Can you see those Cup Handle chart pattern?? hoping to see similar movement like many DeFi crypto such as UNI , SUSHI, 1INCH (cup handle pattern then massive 50~100% in a month).
but with more features development compared to those early version of DeFi DEX, and not many youtuber exposing&pumping about serum yet, and still below 500milion market cap,, imagine the potential.
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!! That is my personal hope & observation nor financial advice. I am not self-claimed pro/wizard TA analysist lol.
just documenting my own reasons of my investment & trading.
Serum the future of exchangesSerum is one of my favorites coin with Polkadot and Synthetix in the DEFI space. Very strong potential and Governed by peoples votes.
What is Serum ?
The Team Behind Project Serum Project Serum is coined to be the new DEX to be launched by FTX Exchange- a cryptocurrency exchange and derivatives platform. Check out our review of FTX Exchange. The founders of Project Serum are also behind FTX exchange and they have also partnered with titans in the industry who have successful projects including the founders of Multicoin Capital, TomoChain, Compound, and Kyber Network
Serum is the first DEX built on Solana. Solana is a web-scale blockchain that can potentially reach 710,000 transactions per second (tps). This is possible with a verifiable delay function called SHA 256 hash chain that enables Optimistic Concurrency Control. At present, it can handle around 50,000 tps, which is exponentially faster than Ethereum’s 15 tps. The Team Behind Project Serum Project Serum is coined to be the new DEX to be launched by FTX Exchange.
Short Term Targets :
TP1 : ATH 3.8$
TP2 : 5.7$
Happy T4ding !
SRM SERUM 4H CHANNEL - SRMBTC SRMUSDT SRMUSD SRMETH SRMBNBSRM SERUM 4H CHANNEL - SRMBTC SRMUSDT SRMUSD SRMETH SRMBNB
SRM.USDT (Y20.P4.E1).Cradle setupHi All,
SRM is likely to give us an opportunity here and its a matter of waiting for a bullish candle or bullish formation on the smaller timeframes, at this fib level or possibly lower (hence we are looking for bullish signs).
The 4 or 8 is a good time period, although many time periods show good convergence.
Lets see how this turns up, keep stalking.
Cheers,
S.Sari
4 HRLY chart, in confluence with the 21 EMA and fib level