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.
Srmperp
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
#SRM/USDT is breaking out of the falling wedge pattern👀Hello, members welcome to SRM/USDT 4hr chart update by CRYPTOSANDERS.
I have tried my best to bring the best possible outcome in this chart.
#SRM/USDT is breaking out of the falling wedge pattern👀
Entry:-$1.090,$1.130
Target:-30%
Stop-loss:-$1.035
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Sorry for my English it is not my native language.
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SRM 1D BUYSRM 1D support is at ~$2.4
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 $3.3, $3.9, and $4.5
Cheers
Serum (SRM) • This lowcap is finally looking greatThis chart contains what i think to be the most important technical ranges as target zones where price can see serious pullback or trend reversals.
The current momentum and volumes is looking good. Be aware of possible pullback.
If it trade bellow the described entry zone i think is good to de-risk and wait until it regain the level OR i dips into the buy zone for better RR.
There was finally a break of major macro trend. However this doesn't mean we are heading straight to all time high.
The quarterly open around 7.5 is a very significant levels because is basically 50% of the whole trading range visible on higher timeframes.
This coin is a low-cap (above top #100) and backed/supported/endorsed by FTX so expect to have some cycle where it is likely to keep marking up.
We need to be on the watch out for possible reversals because the market in general due to macro environment still looking shaking.
Not financial advice. Educational and Entertainment purposes only.
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SRM READY FOR REVERSAL! BUY HERE...SRM has been in the downtrend for so long now, however, it seems like SRM is ready for a recovery from here, but SRM and ride it for the next trend if we reverse it.
Buy zone is marked, buy it from $5 - $4.5 and wait patiently, SL below $3.75 so far..
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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
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
SRM 1H BUY & SUPPORTSRM 1H support is at ~$8.7
Try to set some buy orders near the support zone
If SRM holds above the trendline,
the Take-Profit target would be $9.4, $10.8, and $11.9
$SRM broke resistance, retested it. Bullish$SRM is insisting on trading above the resistance it just broke. It went above it, then retested it and stayed briefly below, but then went back up above it. This is usually a sign that it wants to keep trading above.
SRM 1H BUYAlso set some Buy orders near the Trendline
Remember no more than 5% of the deposit in one trade
SL: next sell signal
SRM 1H BUYAlso set some Buy orders near the Trendline
Remember no more than 5% of the deposit in one trade
SL: next sell signal
SRM 1H BUYAlso set some Buy orders near the Trendline
Remember no more than 5% of the deposit in one trade
SL: next sell signal
SRM 1H BUYAlso set some Buy orders near the Trendline
Remember no more than 5% of the deposit in one trade
SL: next sell signal
SRM 1H BUYAlso set some Buy orders near the Trendline
Remember no more than 5% of the deposit in one trade
SL: next sell signal
Serum (SRM) • Don't bet against Sam Basically don't bet against Sam from FTX.
Another great low cap going that is looking that is getting ready to break ATH soon.
SRM 1H BUYAlso set some Buy orders near the Trendline
Remember no more than 5% of the deposit in one trade
SL: next sell signal
Serum (SRM) • Plenty of upside on this Alameda backed coinSerum, decentralised finance (DeFi) platform powered by the Solana blockchain.
SRM already moved a lot but i think the uptrend is still looking healthy and it's very likely to continue to gain market cap considering that it's backed by Alameda research and FTX.
SRM 1H BUYAlso set some Buy orders near the Trendline
Remember no more than 5% of the deposit in one trade
SL: next sell signal
