SERUM or how to earn 400%The asset has been in a deep drawdown and accumulation stage for a long time. At the moment, SRM has approached the global downtrend line and is ready to break through it. Buying after breaking through and testing the resistance/support line. I expect the asset to grow in the near future to ~$0.31 per coin, in the long term up to ~$2.1 per coin.
The maximum income from the transaction is 420%.
This is not a financial recommendation, everything you do you do at your own peril and risk.
Serumusdt
Serum DEXWhat Is Serum?
Serum is a decentralized exchange (DEX) and ecosystem that brings unprecedented speed and low transaction costs to decentralized finance (DeFi).
Serum is the only high-performant DEX designed around a fully on-chain central limit order book and matching engine. Ecosystem partners can compose with Serum’s on-chain orderbook to share liquidity and power their trading features for institutional and retail users.
------------------------------------------------
Trading Plan
------------------------------------------------
Buy : 2.7 - 2.5$
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 !
Big opportunity in Solana supported coin -SRMThe buying levels are very good in this coin , for long term you can start invest now, if you looking for short term , check your risk analysis & grab this coin
Let's see how it will go
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
Update on my Serum tradeSold at $3.42:
Why:
Price rejected at important level on 4 consecutive days.
MFI showing bearish divergence.
Re-entering:
1. If price retraces to 2.50 -2.60 range ( 0.5 - 0.618 Fib) OR
2. On a pull-back if price brakes through resistance level
3. If price goes below stop loss, buying back if it goes to support area.
Note: Not investment or financial advice.
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.
Serum (SRM) Sell ZoneSerum (SRM) Sell Zone
--------------------
BIAS
Mid-Term : Neutral
Long-Term : Bullish
Risk : High
Now that $3 is acting as mid-term resistance zone and our current market structure has become neutral in mid-term, we can expect a short-term correction.
--------------------
$SRM/USDT SHORT SETUP
Leverage : x3 - x5
Entry Price : 2.89 - 3.05
TP 1 : 2.79
TP 2 : 2.7
TP 3 : 2.55
TP 4 : 2.4
TP 5 : 2.29
TP 6 : 2.17
TP 7 : 2.04
TP 8 : 1.89
Stop Loss : 3.23
*Maximum 3% of Portfolio.
*Unload 12.5% at each TP. Whenever TP 2 hits, Move stop loss to entry.
--------------------
SRMHi Dear traders, this is my opinion, and I think SRM will go for the targets that I have mentioned in the chart. You can use it for futures trading with a 20x leverage. Be sure to use stoploss exactly on 2.36592. I am going to open my position too. Good luck, and please do not get greedy!
SRM (Serum) Coin Analysis 29/03/2021Fundamentals:
Serum is a decentralized exchange (DEX) and an ecosystem that brings high speed and low transaction costs to decentralized finance (DeFi). It is permissionless and is built on the Solana blockchain.
Serum was created to eliminate the vulnerabilities in the current DeFi space that exist due to incomplete decentralization. It is claimed to be fully decentralized and runs on a non-custodial exchange with cross-chain trading support and no know your customer (KYC) requirements.
Solana is a web-scale blockchain that can reach 50,000 transactions per second. This is achieved through a verifiable delay function, known as SHA 265 hash chain, that enables optimistic concurrency control.
Serum is developed by the Serum Foundation, which is backed by a group of experts in cryptocurrency, trading and decentralized finance. The project also has backing from a wide number of firms.
The SRM is a utility token used on the Serum ecosystem. Its cross-chain swap protocol allows users to exchange assets between blockchains in a trustless manner.
Serum offers a decentralized automated full limit order book that provides traders with full control over each order. The full Ethereum and Solana integration makes Serum faster and more efficient while also allowing it to be interoperable with ERC20 tokens.
The physically settled cross-chain contracts allow easy margin positions in DeFi on synthetic assets. SerumBTC is a model for creating ERC20- or Solana-based tokens for Bitcoin (BTC) and SerumUSD is a model for creating a decentralized USD-pegged stablecoin.
Staking rewards are distributed on the basis of the nodes’ performance, which takes into account important on-chain actions, such as supplying blockchain histories for cross-chain settlement validation.
Users can also stake towards another node. A portion of a node’s staking fees goes to the leader and all nodes receive staking results. These rewards increase through productive participation in node duties.
SRM is Serum’s governance token that is based on the Solana blockchain and has an ERC20 version. It has cross-chain support that enables the trustless exchange of assets between different blockchains. Serum uses a trustless bridge through a premier validator for distributed ledger technology (DLT).
Serum was co-founded by Sam Bankman-Fried. He is also the CEO of the FTX cryptocurrency derivatives exchange and a co-founder of the Alameda Research quantitative trading firm. Bankman-Fried also used to work as the director of development for The Centre for Effective Altruism and as a trader at Jane Street.
Bankman-Fried graduated from the Massachusetts Institute of Technology with a bachelor’s degree in physics.
Technical Analysis:
the price has done its accumulation and now retracing after an impulsive wave, which is a good sign of Bullish trend
there total of 3 Targets Specified where as the 3 TP gets Confirmed as the 2 TP gets Triggered followed by some price correction
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!
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.
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/USDT - Potential 76% SetupHello Traders!
SRM started a new business cycle.
At the moment, the price has completed the correction and is consolidating in the range of $6.80 - $8.24
Buy entry can be considered between $6.80 and $7.32
Stop loss is advisable to be placed near the level of $5.26 at a price mark of $5.38.
The targets for buying would be price levels of
$9,60
$11,36
$12,53
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
#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."
SRMUSDT BUY ZONESRM has finally broken out from the descending channel and is in a good place to run upwards.
SRM ABOUT TO PUMP? SRM (SERUM) ENTRY AND TAKE PROFITS MARKED!SERUM is looking super bullish with bullish HARMONIC pattern and broke out of a strong resistance. Wait for the retest of the support and enter into the trade. Also, RSI is turning Bullish, MACD bullish. The TA has been done on 6-8 hours timeframe so it will take sometime to play out!
Some quick Take profits are marked on the chart according to the BAT HARMONIC pattern .
Entry is marked along with the take profits.
SOLANA Tokens - Pumping like CRAZY 🎟️Solana rally mimicking Ethereum? Why a $500 SOL price target could be 'conservative'
The sixth-largest cryptocurrency by market cap remains one of the best performers despite the overall crypto market losing more than $200 billion. cointelegraph.com
Take a look at some of Solana's tokens:
portnetwork.io (PORT)
mercurial.finance (MERCURIAL FINANCE)
projectserum.com (SERUM)
velas.com (VELAS)
Solana is going strong, the trend is our friend, hopefully a little correction will help us get on this train.
One Love,
the FXPROFESSOR
(THANKS ATA FOR THE TIP!)