SRM MOON MISSION COUNTDOWNSRM is in the midst of flipping the resistance level to support. If the current 12H candle closes in the current fashion, I expect a massive upside to 18. The rounding formation at the bottom has the shape of a parabola. I intend to exit at 18. If you're a hodler, you might want to wait for higher prices. Good luck!
Serum
SOLANA Tokens - Pumping like CRAZY 🎟️Solana rally mimicking Ethereum? Why a $500 SOL price target could be 'conservative'
The sixth-largest cryptocurrency by market cap remains one of the best performers despite the overall crypto market losing more than $200 billion. cointelegraph.com
Take a look at some of Solana's tokens:
portnetwork.io (PORT)
mercurial.finance (MERCURIAL FINANCE)
projectserum.com (SERUM)
velas.com (VELAS)
Solana is going strong, the trend is our friend, hopefully a little correction will help us get on this train.
One Love,
the FXPROFESSOR
(THANKS ATA FOR THE TIP!)
$SRMPerfect retest of weekly support.
I believe this will break ATH, especially with SOL breaking ATH every day now.
Got quite a bad entry, but still worth it imo.
Aiming for 10.15 first.
Flip 10.69 and we see an easy break of ATH towards 19.50 (1.618 fib).
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
🆓Serum (SRM) Aug-28 #SRM $SRMSRM just broke out of the $7 zone and is moving towards the $10 and $13 zone or even higher in September. But if it loses the $7 zone then we might consider buying back the SRM at $6 and 5$
📈BUY
🔴Buy : 6.8-7.2$. SL if B
📉SELL
🔴Sell : 9.75-10.25$. SL if A
🔴Sell : 12.7-13.3$. SL if A
♻️BACK-UP
🔵Sell : 6.8-7.2$ if B. SL if A
🔵Buy : 5.85-6.15$ if A. SL if B
🔵Buy : 4.88-5.12$. SL if B
❓Details
🕯Timeframe : 1 Day
📈Red Arrow : Main Direction as BUY and SELL section
📉Blue Arrow : Back-Up Direction as BACK-UP section
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of candlestick is Above the zone
🅱️B : The Close price of candlestick is Below the zone
Serum will follow the SOL train and pump. Divergence is present on SRMBTC and with the SOL chain coins like RAY running, we can expect a huge run on SRM as well. SRM is a DEX on Solana and is currently ranked at #117 with a market cap of $350 Million. Comparatively, UNI is Ethereum's DEX and ranked at #11 with a market cap of $13 BILLION. That is 37 times the market cap of SRM.
Raydium decentralized exchange
Raydium is an automated market maker (AMM) and liquidity provider built on the Solana blockchain for the Serum decentralized exchange (DEX). Unlike any other AMMs, Raydium provides on-chain liquidity to a central limit orderbook meaning that funds deposited into Raydium are converted into limit orders which sit on Serum’s orderbooks. This gives Raydium LPs access to all of Serum’s order flow as well as their existing liquidity.
RAY is the native utility token used for:
- Staking to earn protocol fees
- Staking to receive IDO allocations
- Governance votes on protocol decisions
if you liked Solana u will like Raydium also. Can Stake also RAY for 29% APR. Dyor it more.
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Trading Parts :
- Nothing to buy now, wait.
- This trade is a bit sophisticated, so you need to manage amount of money you invest.
- Money management is the Key of succes.
- Wait for a strong break and buy RAY after it pass 10.5$
- Wait for a dip and buy RAY around 5.5$
- Keep some cash in case of TheKing dip or trap and buy at Bottom around 2.5$-3$.
- TP1 : 14.9$ (Security TP)
- TP2 : 23.9$
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Happy Tr4Ding !
SRM BTC 1-Dhit 11.2k sats resistance last week and a retest of 9500 sats support now, perfect scenario to place buy bids
my first target would be the resistance zone of 11.2k sats followed by a move to 13.5k sats
SRMBTC Diametric PatternThere are two possible scenarios and we can see a good bounce from here or the orange box.
SRM/USDT LongThe only thing preventing me from taking this setup is the upcoming 5M SRM daily unlock starting in August. Not sure how significant the selling pressure would be then.
srm btc 4-H$srm / $btc
4-h trend line showing signs of recovery there
EMA 100 just crossed through, i hope to see this movement continue till 200 EMA / resistance 10.8k sats and then try to flip it
Serum SRM going long1) Bullish flag (no breakout yet)
2) Been consolidating since May 19th dip below the 0.236 FIB R range
3) 50, 100 & 200 EMA on the daily are getting close in preparation for a big move.
While this trade may take a while to materialize, and without the breakout it could be an early trade to buy in. But I jumped in for the price is attractive and Fundamentally it has all the potentials to go up from here.
My entry is marked with a blue line, and my target set in green.
🆓Serum (SRM) June-7 #SRM $SRMSRM is breaking out of the symmetrical triangle pattern to move up. If successful, it will move up to 7.5$ and 10$ zone this June. But if it makes a false break and dump below 4.7$ zone, it will fall down to 3$ zone
📈BUY
- Buy : 4.6-4.8$. SL if B
📉SELL
- Sell : 7.3-7.7$. SL if A
- Sell : 9.7-10.3$. SL if A
♻️BACK-UP
- Sell : 4.6-4.8$ if B. SL if A
- Buy : 2.9-3.1$. SL if B
❓Details
🕯Timeframe : 1 Day
📈Red Arrow : Main Direction as BUY and SELL section
📉Blue Arrow : Back-Up Direction as BACK-UP section
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of candlestick is Above the zone
🅱️B : The Close price of candlestick is Below the zone
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
SRMUSDT SUPPORTS AND RESISTANCES DURING THE PAST 2 WEEKS (4H FR)SRMUSDT SUPPORTS AND RESISTANCES DURING THE PAST 2 WEEKS (4H FRAMES)
WE CAN SEE CLEARLY THAT THE CRAUSH CHART IS STOPPED ON THE SUPPORT DURING YESTERDAY'S CRUSH.
I THINK THIS IS A GOOD TIME FOR ENTRY, BUT REMEMBER TO USE OTHER INDICATORS COMBINED TO S&R TO AQUIRE A 360 DEGREE VIEW ON THE CHART, ESPECIALLY SINCE WHAT HAPPENED YESTERDAY.
BE SAFE
NFA
$SRM is looking strong here with a bounce from the weekly level$SRM Long
Serum is looking strong here with a bounce from the weekly level , 0.618 Fibonacci and arguably the mid-line of the channel.
Targeting the horizontal weekly above, a nice 20% from here.
Scalping idea for SRMBUSDIf SRM breaks its current minor downtrend, it may have a chance for scalping.
Trading idea for SRMUSDTIF SRM breaks white resistance level, it may go up to those purple resistance levels again. Do not forget to take profit.