SRMSRM CONTRACTORS LTD has breakout IPO price level and waiting for weekly candle closed and this analysis just for educational purpose not any buy and sell recommendation
SRM
Serum SRMThe Significance of Serum (SRM) and its Potential Price Surge Amid Rising Volume
In the dynamic world of cryptocurrency, Serum (SRM) stands out as a noteworthy and useful token with a promising outlook. Serum, built on the Solana blockchain, offers a decentralized exchange (DEX) that boasts speed, low transaction costs, and a secure trading environment. Its unique features and underlying technology contribute to its utility, making it an appealing choice for investors. Let's explore why Serum is valuable and how a surge in trading volume could lead to a rapid increase in its price.
1. Cutting-Edge Technology:
Serum leverages the Solana blockchain, known for its high throughput and low transaction fees. This technological foundation ensures quick and cost-effective transactions, addressing some of the key challenges faced by users on other blockchain networks.
2. Decentralized Exchange (DEX):
Serum operates as a decentralized exchange, allowing users to trade directly from their wallets without the need for an intermediary. This not only enhances security but also promotes transparency and trust within the ecosystem. Users maintain control of their private keys, reducing the risk associated with centralized exchanges.
3. Cross-Chain Compatibility:
Serum is designed to be cross-chain compatible, enabling the seamless exchange of assets across different blockchains. This interoperability increases the token's versatility and widens its potential use cases, attracting a diverse range of users and projects.
4. Liquidity Incentives:
Serum incentivizes liquidity providers through its innovative and rewarding tokenomics. Users who stake their SRM tokens in liquidity pools receive rewards, fostering liquidity and a healthy trading environment. This creates a positive feedback loop, attracting more participants to the ecosystem.
5. Potential for Price Surge with Rising Volume:
One key factor that could lead to a rapid increase in Serum's price is a surge in trading volume. Increased trading activity often signals growing interest and demand for the token. As more participants enter the market, the scarcity of SRM tokens could drive prices higher due to the basic economic principle of supply and demand.
6. Network Effect:
The network effect plays a crucial role in Serum's potential for a price surge. As more users engage with the decentralized exchange, the platform becomes more valuable, attracting even more participants. This positive feedback loop can contribute to exponential growth in both usage and token value.
SRM NEW VOLUME INCREASEThank you for reading this update.
Depending on our study we see that SRM has a good chance of volume increase.
This updates depending on day trade, And the market should confirm with time the right market way.
#Nottradingadvice
#For Day traders take always profits when the market increase
#Expect nothing from the markets, but follow what it shows.
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.
The ability to turn the month and quarter by altToday we have come to a new turning point in the market. Before the seasonal growth, the picture was spoiled by a powerful pullback of the euro, about the possibility of which I warned in the last review. But the crypt was in this period waiting for the moment for growth. Without significant volatility and sales. Today we are going through the middle of the monthly candle, which seasonally is the time of purchases, and from today there is an opportunity for monthly candle reversals on many coins. An additional reason for the reversal is the end of the euro rollback and an attempt to move to further medium-term growth. With an optimistic scenario and an increase in purchases in the market, this season may last until October with a reversal of quarterly candlesticks into bullish ones and attempts to maintain the trend in the last quarter.
In case of an increase in purchases, this week we can expect an attempt to continue moving to 2100-2250 on the air, which are still the main immediate goals. However, the second half of the month opened below 1850, which is a deterrent. In the coming days, a lot of strong statistics on the United States are expected, with the help of which the Amers may try to restrain the market until the end of the growth season. With the release of positive statistics and an additional drawdown of the euro, the ether can go to the 1750 test against the background of the opening of the second half of the month below 1850, but with a new attempt to reverse the month before the candle closes against the background of the opening of the month and quarter above the level, which all this time allowed to compensate for the drawdown of the currency market.
Altos have shown more negative dynamics than tops in recent months, and therefore a very powerful potential for growth has accumulated. For individual coins, breakouts of several x's have already clearly shown this. However, so far the growth has been for single projects and non-systemic. At the current turning point, Binance is taking measures to attract attention to altos with new listings. Today they also gave support to front, which I recommended for work. The goals for it are still much higher. Measures have also been taken to maintain atm and asr phantokens by adding loans for these assets. They have not yet given work-offs this year, unlike the rest of the group's tokens. There is a possibility of powerful breakouts similar to the spring movement on og.
An attempt to reverse is already being observed for individual coins. Uft has drawn a double bottom on the weekly chart, which can give a rocket immediately to the 1.0+ area. Vib and pros are also trying to grow on smaller timeframes. These coins still have the greatest technical potential for growth with possible breakdowns similar to the spent acro, which took all the intended goals. cvp perl has a similar potential. WTC for dock ooki amb oax vite front epx burger also have goals of up to 150-200% from current levels. Fida drep hard wing returned to powerful supports, which can show good rebounds. Among the low-liquid assets, asr atm torn and pnt with a potential of up to 3-5X remain the most interesting. Om pivx voxel df chess looks good for scalping up to 50-70%. Among the strong projects at interesting levels are vidt and gft, which are suitable for more reliable investments in medium-sized.
SRMUSD: Triple MACD Bullish Divergence Could Take Price Up 6000%SRM has three instances of Bullish Divergence and the Sellers are getting much weaker every time, we are now trading at all time lows and at this point in time the only hope for SRM would probably be to hold this level with the help of the divergence and make a breakout move towards the trendline wher ei think it will be able to make a 61.8%-78.6% retrace.
srmIn my opinion, this currency can be considered for long-term purchase in three parts. In the green box, enter the largest amount of purchase.
SRMUSD - We've had some Epic Trades, What's Next?SRMUSD - What an awesome few months we've been having with you! Just take a look at those last couple of trades, a 65% short followed by over 100% on a long trade!
The question really is, what's next? We've got a Sell signal from Crypto Tipster v2 and quite a strong resistive trend line above, does this mean we can expect another drop? What do you guys think?
If you enjoyed or agree with this idea - drop us a comment, like & follow! :)
SerumSeram digital currency technically has a very strong and important support and is ready to move above the first target of 66 cents, the second target is $1, the best entry point for spot trading if the downtrend line is broken
SRM BUSD TODAYApply your own risk management.
hunt the profits at any level you see convenient for you.
Green Zone for entry,
Red Level Exit,
Yellow levels are targets.
have a good day guys.
Contact me for any Help.
SRMUSDT IDEAHello guys this is my trading idea about SRMUSDT Thank you .
LIKES AND FOLLOW FOR MORE IDEAS THANK YOU .
Serum token will go to ZEROMost likely this project is dead.
With collapse of FTX, there is a high probability that SRM will dump to zero.
SRM is SBF's coin on Solana blockchain.
Binance already announced delisting Serum coin .
Probably it's worth to try shorting it as it will end like FTT.
If there's any 'scam pump', you may be lucky to get your shorts filled at better prices.
No hope in this project.
Do you agree or disagree? Feel free to leave a comment !
SRM SHORT SETUPHello, dear traders. how are you ? Today we have a setup to SELL/SHORT the SRM symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
srm - usdt long positionthis is a bottom and resistance trade idea. we will see if this trading idea will be profitable. long the dump.
SRM on SupportWell daily MS has shifted to bullish, price is sitting on GP from the low and a key level of support, and VAL of the range. it's worth a shot for me here.
SRMran into a brickwall (cough sbf cough)
but
its still trading below its ieo pump value (1$)?
heard its diluted a bit since then but still its the infrastructure dex for sol (google cloud n meta partnerships onboard infinite users that wont even know theyre using it)
unless some alternate dex takes the reigns? sushi? mgo or step?
only ones i can remember off the top of my head there was an ape meme one idk
SRM - About to break?SRM have been sitting on its long term support line and recently broke the bearish trend line.
Expecting additional upward movement to claim $0.875, assuming current support at $0.78 holds
SRM About to Break out Looks very bearish, thats when I buy. Crazy how it can never go sideways.
Stop loss at 0.735 should be a good margin for potentially a big profit
SRM AnalysisForming a descending triangle, which is said to be bearish, but should actually be considered a bullish pattern because it gets the chart oversold.
SRM/USDT long positionSRM/USDT long high risk position , this coin gives profits a lot!!!
open: 1.027
Target 1: 1.060
Target 2: 1.085
Target 3: 1.110
Stop: 1.015
hope you enjoy it
SRMUSDT: Medium-term Waves (Update)SRM price continues to decline as part of an assumed correction in wave C of wave 2. The sales volume is still very low, which indicates the weakness of the sellers.
It could start a rapid price recovery very soon, which could lead to a rise in the value of the coin to $2.
I have already opened a long position and at the end of wave C I plan to increase the position volume at $0.93-$0.92.
I will consider canceling the bullish scenario on SRM in case of activation of a bearish scenario on BTC.
SRMUSDT: Medium-term OpportunitiesSRM is one of the few coins that can make remarkable profits in a short period of time.
And the dynamics of SRM price has no correlation with the main market at the moment.
Decline from $14 to $1 took the form of a 5 wave impulse.
And at the moment, a powerful upward impulse was formed, after which the local correction on the reduced sales volume in the form of a 3-wave ABC pattern continues.
I opened a long position and plan to hold it for a some time, as if the bullish dynamics continues, the price may recover to the level of $4 (by the logarithmic scale).
It is possible that the current low of wave C can still be tested, where you can try to increase the volume of the position.
With the right set of positions, the risk-to-profit ratio is at least 1:10.
Best Regards,
CEO Tornado Capital
