SERUM LONG IDEAThink this is a possible play into next week.
TP1 & TP 2 as shown
SL as shown
Fundamentally serum is picking up traction
Not a fan of entering trades before weekly close, wide stop to accommodate for this
Let's see
SRMUSD trade ideas
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 cycle chart: still a 10x left in it ? 💰Looks like serum still has plenty of potential upside on HTF
SRMUSDT ://look for dips cost average in n pick ur spots PICK UR SPOTS YA ALL ITS GETTING A BIT SPOOKY
if she cant hold this 1500 level i would look to put buy orders from hi 13s down to mid 1k
market is feeling flaggy _we are consolidating positions and looking for layer 2 eth options and long term hodls for ADA ALGO CEL other main streams worth holding long but look somewhat vulnerable for dips _BAND OMG SNX VET DOT YFI n a few more
LONGER SHOTS WORTH LOOKING AT
_ZKSWAP_ZKS
_UNISTAKE
_MATIC_POLYGON (matic)
_ALCX_ALCHEMIX
_1INCH
_PANCAKESWAP
_SUSHI
_UNISWAP
_FTX
_VOYAGER_VGX
_BINANCE_BNB
_SERUM_SRM _SOL
_TRUSTSWAP_SWAP
_LIDO_LDO
_RFI
_DDIM
_LINEAR_LINA_SEE SNX but scalabilty priority
_VRX
_HGM
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 _ see RAY _AMM built ontop of _SOLana _ acc liq frm SRM
RAYDIUM listed on FTX yesterday
It's an AMM built on top of Solana and can access liquidity from Serum.
I am massively bullish on this one. I aped in immediately but due to cant buy without vpn in the states went heavy on SRM
_HGM
Serum the future of exchangesSerum is one of my favorites coin with Polkadot and Synthetix in the DEFI space. Very strong potential and Governed by peoples votes.
What is Serum ?
The Team Behind Project Serum Project Serum is coined to be the new DEX to be launched by FTX Exchange- a cryptocurrency exchange and derivatives platform. Check out our review of FTX Exchange. The founders of Project Serum are also behind FTX exchange and they have also partnered with titans in the industry who have successful projects including the founders of Multicoin Capital, TomoChain, Compound, and Kyber Network
Serum is the first DEX built on Solana. Solana is a web-scale blockchain that can potentially reach 710,000 transactions per second (tps). This is possible with a verifiable delay function called SHA 256 hash chain that enables Optimistic Concurrency Control. At present, it can handle around 50,000 tps, which is exponentially faster than Ethereum’s 15 tps. The Team Behind Project Serum Project Serum is coined to be the new DEX to be launched by FTX Exchange.
Short Term Targets :
TP1 : ATH 3.8$
TP2 : 5.7$
Happy T4ding !
SERUM - SRM LONG TERM SPOT BUYSerum is a decentralized exchange (DEX) and ecosystem that brings unprecedented speed and low transaction costs to decentralized finance. It is built on Solana and is completely permissionless.
Built by Sam Bankman-Fried, it's goal is to create the best DEX with multichain operability, low fee's and 100% burn rate of SRM taken in fees.
DYOR, especially research Sam Bankman-Fried, as he is one of the smartest guys in crypto world at the moment, with all of his projects being success stories.
Intermediate term targets shown on the chart, also am expecting a pullback to 1.5-1.6 region, which would be a good area to add to spot moon bags.
P.S. I'm using FTX exchange, which kind of made me stop using Binane and Kraken, could not recommend it enough.
Check FTT and SRM for longer term spot buys, Sam Bankman-Fried is an incredibly smart and successful quant trader in whom I truly believe
to make amazing projects.
If in need, here is my referral for FTX exchange: ftx.com (5% fee discount)
SRM fakeoutwith retest of key level. Had great hopes for this one. BTC.d rising again, maybe alts run is over. First target is triangle support.
SRM - Serum Feb 2021 OutlookSerum is the world’s first completely decentralized derivatives exchange with trustless cross-chain trading.
As Serum approaches 600m in lifetime volume, we’re consistently seeing $15m+ trading days, as such buy and burns are increasing in size.
As of Jan 12 2021
As the markets get more volatile, we’ve seen larger orders executing on Serum DEX.
$450000 of BTC
$525000 of BTC
$237000 of ETH
***
100M users from $MAPS will add huge value into $SRM and $SOL
Serum is not only a DEX, it is an on-chain financial infrastructure built on Solana.
Don't be surprised if you see $SRM and $SOL in the top 20.
SRM Buy for Long-term HoldersThe last Buy point for our members is at around $1.7
and now the first TP is reached at around $1.9
We suggested holding SRM for long-term investment
Easy Trading Indicator for Beginners
When the ema1 crosses above ema2, the area will be painted GREEN in color, and a BUY signal will appear. = BUY
When the ema1 crosses below ema2, the area will be painted RED in color, and a SELL signal will appear. = SELL
Area painted with ORANGE color means ready for flipping your position or take profit from your current position
Serum FIB PlaySRM in uprising channel, if breaks upper channel, would be able to reach $2. First trouble area will be $1.5. Once cleared, $2 will be next. Aligned w fib 0.382 as well. Nice RR play!
strong bullish divergence- possible breakoutOn the 8hr we can clearly see some bullish divergence. The time window for a decent entry is likely missed as of now when the 4 hr divergence was first spoted under 1.2 , but with this information we may expect some bullish movement from here and wait for the breakout of this channel and look for the retest before going long or wait for some kind of inverse head and shoulders to form .
Ascending triangle reversalWe are currently inside an ascending triangle . The way I like to trade this is along the trendline ,so I have already loaded some longs on 1.908. What's really great about this patterns is the low risk to reward it provides as becomes clear whhere it would become invalidated so you can move the SL along the trendline as this pattern matures. If it ends up breaking down, it's no big deal as the loss would be small and better yet the SL might already had been in profit. obviously if you are reading this now you'd want to either wait for another rejection along the trend line or a breakout then the retest of resistance after it break out.
This might test the trendline it had broken.
SRMUSDAs young as it is, SRMUSD is following a Pitchfork on it's hourly trade pattern.
It has been experiencing a good support from FiboRet-0.236.
>>Will be updated<<
Cryptocurrency is very volatile market so always have an strategy and risk management plan.
Happy Trading.
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JUST FOR EDUCATIONAL PURPOSE
