SRMUSD trade ideas
Serum | Heavy resistance at trendlineI often say "one trendline is enough", and it truly is. When it comes to Serum we have this obvious trendline, that acts as resistance for some time now. I think Serum could go lower from here, but predicting a bottom is impossible for me, since it's a relatively new asset, so not much data on hand. Anyway, would be smart to wait for Bitcoin to bottom out. Safebet would be to wait for a break of this trendline, then go long on retest.
Be patient and stay safe.
FTX:SRMUSD
SRM: Bear vs BullSerum is one of the primary projects built on Solana and overall, I believe it has a strong future ahead as backing by FTX is strong.
Chart, as usual, depends on what happens with BTC.
I am still leaning bearish for BTC, so I would expect this WXY to play out. Bullish alternative below.
Altcoins Update: Serum, the future of DEXVolume and Price action shows:
Target 1: 15
Target 2: 37
Target 3: 139
P.S: Anything I say or do, should always be taken with a pinch of doubt. You might make or lose money based on my opinion, but you are solely responsible for your own actions. I am not your financial advisor!