Serum is up-trending and forming a falling wedge, a break-out would be very bullish!
100EMA seems to be acting as support so let's place some bid down there and be patient enough.
Current Price= 0.00010374
Buy Entry= 0.00010110 - 0.00009536
Take Profit= 0.00012433 | 0.00014447 | 0.00018294
Stop Loss= 0.00008335
Risk/Reward= 1:1.75 | 1:3.11 | 1:5.69
Expected Profit= +26.57% | +47.07% | +86.24%
Possible Loss= -15.15%
Fib. Retracement= 0.5 | 0.786 | 1.272
Margin Leverage= 1x
Estimated Gain-time= 1 month
100EMA seems to be acting as support so let's place some bid down there and be patient enough.
Current Price= 0.00010374
Buy Entry= 0.00010110 - 0.00009536
Take Profit= 0.00012433 | 0.00014447 | 0.00018294
Stop Loss= 0.00008335
Risk/Reward= 1:1.75 | 1:3.11 | 1:5.69
Expected Profit= +26.57% | +47.07% | +86.24%
Possible Loss= -15.15%
Fib. Retracement= 0.5 | 0.786 | 1.272
Margin Leverage= 1x
Estimated Gain-time= 1 month
Trade active:
Both entries filled
Serum went down as expected and is now heading up again. 🤞🏼
Serum went down as expected and is now heading up again. 🤞🏼
Trade closed: stop reached:
SL with -17.76% (1x) and -1.25R
Serum got rejected on wedge resistance and broke down the ascending channel after all..
Serum got rejected on wedge resistance and broke down the ascending channel after all..
It is a decentralized derivatives exchange project that enables cross-chain trading.
The project is a collaboration between FTX and Solana, you can read the research profile⬇️
research.binance.com/en/projects/serum