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SRM

zoom out, every cycle that support line was the most importantI remember that long time ago, from 2015 to 2017 that initial cycle support line was the most commented thing in the space, that initial support line was the buy area for everyone, but people seem to forget about the past. Anyways, we are stuck between the 21 and 50 weekly graphs, the shadow reached the initial support line and we stayed above the 50 weekly. Today we have many bad news in the crypto space, including governments (Russia) trying to confiscate crypto from people (why if is worth nothing?), Brazilian central bank planning an organized attack on BTC (they have no ideia of what they are talking about, neither have that power to do so), and many other fear news that seem to be making things worse then they actually are. I am not here to tell you to buy or to sell, but always remember, we play an anticipation game here, take a look at the amount of leverage traders out there that were liquidated these days, do you think they wanted to sell or they were forced to sell? They were forced to sell, and when whales see that opportunity to buy more from leverage traders that get liquidated they take it. Have a good one guys, don´t use leverage.
BITSTAMP:BTCUSDLong
by ViniciusBaccelli
1
🆓Serum (SRM) Nov-22 #SRM $SRM SRM is having an important support at $5.5 at the moment, if it doesn't lose this $5.5 zone then SRM can surge to $7, $8.5 and $10 in December. But if it hits If we lose the $5.5 zone, we will wait to buy back the $4.5 zone 📈RED PLAN ♻️Condition : If 1-Day closes ABOVE 5.5$ zone 🔴Buy : 5.5 🔴Sell : 7 - 8.5 - 10 📉BLUE PLAN ♻️Condition : If 1-Day closes BELOW 5.5$ zone 🔵Sell : 5.5 🔵Buy : 4.5 ❓Details 🚫Stoploss for Long : 10% 🚫Stoploss for Short : 5% 📈Red Arrow : Main Direction as RED PLAN 📉Blue Arrow : Back-Up Direction as BLUE PLAN 🟩Green zone : Support zone as BUY section 🟥Red zone : Resistance zone as SELL section
SLong
by CryptoStation
3
Long $SRM - Clean Levels$SRM has entered into a big daily level, this support has held up for a while and is a key level for $SRM to hold, if this level does not hold then it is make or break, and the downside will be harsh! However, I think with the overall macro sentiment of BTC and the crypto market as a whole that this support will hold and after Sunday we will see bullish movement on altcoins and Solana, which SRM seems to follow quite well! So I think its likely $SRM has bottomed out and this would make a great long-term perp!
SLong
by MB_Technicals