SLERFUSDT trade ideas
SLERF: Potential 800% RallyWe’ve experienced significant red weeks recently, but it seems the market just had a fakeout below the channel followed by a swift recovery. I believe we’ve bottomed out and that we could eventually hit the 4.236 Fib level. Notably, this aligns with the 1 Fib level if you project the high from March to the low in September. This double confluence could potentially result in approximately an 800% gain.
Additionally, RSI is at a record low of 25 on the 8H timeframe, a level last seen during the August 5th yen carry trade crash. Meanwhile, the wave trend oscillator is at levels we last observed in April 2024.
I’m setting my stop loss at 0.1380, with a 2% portfolio risk.
Analysis with recommendation to buy SLERFThe SLERF coin is forming a reversal Harami over an important support on the daily chart, which should be confirmed when the chart closes later.
I am opening a buy position, because the risk-reward ratio is very favorable.
Reasons for buying:
1 - Reversal over important support.
2 - Excellent risk-reward ratio.
Short opportunity in SLERF/USDTIf break out the level 0.3105 with a 15 Min red candle, there is an opportunity for short.
Disclaimer : I'm not recommending to take this entry. Do with your analysis too.
Reasons : -
. Trend line breakout.
. A major support level breakout.
. Increasing volume of sellers.
After Breakout :-
Entry : 0.3105
TP : 0.3172
SL : 0.3000
Slerf is poised to rebound hard...The large #memecoins on #Solana
Have provided a wealth of opportunities
We must appreciate their strength and wonderful gains they have brought people
Their is no use crying on the sidelines that your coins aren't pumping
When we see what #WIF , #BONK have been doing
Keep you core coins that you like
but also if you bringing in fresh FIAT into this casino
I like Slerf at these depressed levels
as it may rise up in sympathy as Solana takes aim at a new cycle high.
The bollinger bands are squeezed in
the slow stochastics are perky
and we have our higher lows in place.
New Weekly Highs for SLERF? 6/9/2024Hi everyone!
In this idea, we discuss about SLERF
Most of the meme projects have taken off and as we can see SLERF is one of the meme projects in crypto that has not yet gain that volatility to the upside after we had a retracements few months ago.
You will learn here:
- Entry Points
- Why we're set to go to $2.2
Let's dive in!
Before we continue I hope you can go to my profile and send me a chat so we can connect!
I'm based in the Philippines and been in crypto since late 2013.
Entry Points:
$0.40 imo is now a good price to buy
If we ever have some retracements I'll be targeting 0.28 (previous weekly open) as of this writing.
This is our primary target at $2.2
I'll be looking to tp around this area and enjoy a potential profit of around $3k+
Did you learn something new? Did you like my posts?
Give it a rocket reaction and comment in this post.
LFG.
Buy a tiny bag of SLERF and thank me later.Hello! My first trade idea published here.
This idea is based on the WIF chart, i'll leave it with some annotations below.
As you can see, both charts look very similar, for more details feel free to check the annotations on the chart.
Thanks for reading and good luck! :)