$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.
2 bounces from the golden pocket zone for 100+% gains.... Will it bounce again?
I'd like to see it retake the golden pocket (those two gold lines), and ideally backtest off the .618
Targeting the .382 for TP1 at $6.30 (70% sell)
Targeting the .618 for TP2 at $7.84 (20% sell)
and look to retake the high at $10.32 (10% sell and close position)
Option for stop...
Seems like a good R:R trade to take. 7 Green dailys in a row for BTC, due for a pull back. Target lines up at golden pocket and 12hr resistance level. Tight stop, you could widen the stop depending on your leverage and risk levels.
