SRN retraced to 0.883 from the last move, the volume and price are both decreasing (this is going to turn bullish).
6h
4h
Stoch RSI seems to reverse and MACD is at turning point
1h
Stoch RSI seems to reverse, and RSI seems to test bullish terrirtories.
On the 1h it can be seen that the price is ranging, we had a fakeout and the volume is squeezing.
Also SRN is trading under multiple clouds at the moment, the most notable one is the 6h which for the moment acts as resistance.
Targets sent on telegram group, but as always I look forward to sell into old support/resistance areas that also match fib levels.
6h
4h
Stoch RSI seems to reverse and MACD is at turning point
1h
Stoch RSI seems to reverse, and RSI seems to test bullish terrirtories.
On the 1h it can be seen that the price is ranging, we had a fakeout and the volume is squeezing.
Also SRN is trading under multiple clouds at the moment, the most notable one is the 6h which for the moment acts as resistance.
Targets sent on telegram group, but as always I look forward to sell into old support/resistance areas that also match fib levels.
Note
First 2 targets already reached.To be honest, I'm surprised all happened so quick.
Note
It seems that the last move was made by one (or more) pump group, as the action took only few minutesNote
I'll add some more and a tight stop loss near the old low, geting a RR ratio of 8%.Pump move:
Trade closed: stop reached
This is a failed trade, damn...
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.