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SRMUSD trade ideas

Serum (SRM) Analysis: Potential Path to $0.60 in Current Market Introduction: In the volatile world of cryptocurrency trading, Serum ( NASDAQ:SRM ) has caught the attention of many traders, particularly with its recent price movements and market conditions. With a current market capitalization of approximately $22 million, the token presents an intriguing opportunity for investors. This analysis aims to provide insights into the potential trajectory of Serum, suggesting a target price of $0.60. However, it is crucial for investors to conduct their own research (DYOR) before making any investment decisions. Technical Analysis: Serum's price action suggests a promising setup for a potential rally towards $0.60. The first significant milestone in this journey is claiming $0.165 as a target price. This level aligns with the 0.786 Fibonacci retracement on the daily chart, indicating a strong support level. Once $0.165 is established as support, it could serve as a springboard for the price to catapult towards the $0.60 mark. Market Conditions: It's essential to consider the broader market conditions when analyzing Serum's potential trajectory. In the current market environment, characterized by volatility and uncertainty, Serum's relatively low market capitalization makes it susceptible to significant price movements. However, it also presents an opportunity for traders seeking higher returns. Risks and Considerations: While the analysis suggests a path towards $0.60 for Serum, it's crucial to acknowledge the inherent risks involved in cryptocurrency trading. Market sentiment can shift rapidly, leading to unexpected price fluctuations. Additionally, external factors such as regulatory changes or macroeconomic events can influence the price of Serum and other cryptocurrencies. Therefore, investors should approach trading with caution and always conduct thorough research before making investment decisions. Conclusion: In conclusion, Serum ( NASDAQ:SRM ) presents an intriguing opportunity for traders, with the potential to reach $0.60 in the current market conditions. The analysis highlights the importance of establishing $0.165 as a support level, which could pave the way for further upside momentum. However, investors should remain vigilant and conduct their own research before investing in Serum or any other cryptocurrency. As always, prudent risk management and due diligence are essential in navigating the dynamic landscape of cryptocurrency trading.
KRAKEN:SRMUSDLong
by BTCMindset
✴️ Serum Bullish Breakout (150% Potential @ 0.27 Next Target)Higher low leads to higher high. Serum (SRMUSD) is in the process of breaking out of a big falling wedge, sealing a strong higher low. ✔️ Next target can be seen around 0.27 which translate into a 150% potential. ✔️ Being more conservative this chart setup can easily do 50%. This is a short-term target. The charts are always changing. Make sure to build your own plan before trading. This is not financial advice. I am sharing my views and opinions of the charts. All the information shared here is for learning and/or entertainment purposes only. Wishing you tons of success. The Cryptocurrency market is set to grow. (Ignore the FUD) Namaste.
CRYPTO:SRMUSDLong
by AlanSantana
1
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! :)
KRAKEN:SRMUSD
by theCrypster
4
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 !
FTX:SRMUSDLong
by thecryer
4
Large CUP & Handle Formation on Daily/3D/Weekly #srm $srmWhat Is A Cup And Handle? A cup and handle price pattern on a security's price chart is a technical indicator that resembles a cup with a handle, where the cup is in the shape of a "u" and the handle has a slight downward drift. The cup and handle is considered a bullish signal, with the right-hand side of the pattern typically experiencing lower trading volume. The pattern's formation may be as short as seven weeks or as long as 65 weeks. KEY TAKEAWAYS A cup and handle is a technical chart pattern that resembles a cup and handle where the cup is in the shape of a "u" and the handle has a slight downward drift. A cup and handle is considered a bullish signal extending an uptrend, and is used to spot opportunities to go long. Technical traders using this indicator should place a stop buy order slightly above the upper trendline of the handle part of the pattern.
FTX:SRMUSDLong
by TheTraderAndy
SRM/USDT - Potential 767% SetupHello Traders! SRM has completed the previous cycle and enters accumulation. At the moment the price of the asset is in the trading range of $1.68 - $3.06 Falling trading volume and volatility are typical for the beginning of the accumulation phase of the asset. Good opportunities for medium and long term purchases are opened near the price levels of $1.68 and $0.95. It is better to gain positions in parts and evenly, starting from $1.68. The profit taking targets will be price levels $5.26 $6.80 $8.24 Good luck and watch out for the market P.S. This is an educational analysis that shall not be considered financial advice
FTX:SRMUSDLong
by UnknownUnicorn10064030
1
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. If you are interested in access to D7 technical indicators please refer to the website link bellow or feel free to check my free indicators in published-scripts section.
FTX:SRMUSDLong
by D7R