SRM 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!
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...
My quick and dirty analysis: SERUM looks like it wants more. On a daily level as on a the hourly.
RAY is riding an ascending triangle, which is bullish. The ascending trend line has been respected a few times to validate the triangle. MA30 is acting as support. A retest must follow a breakout to confirm an entry.
SRM 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
SRM 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 :...
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 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...
hit 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
There are two possible scenarios and we can see a good bounce from here or the orange box.
The 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.
idk is it good time to long alts or no but it looks like a possible scenario
$srm / $btc 4-h trend line showing signs of recovery there EMA 100 just crossed through, i hope to see this movement continue till 200 EMA / resistance 10.8k sats and then try to flip it
1) Bullish flag (no breakout yet) 2) Been consolidating since May 19th dip below the 0.236 FIB R range 3) 50, 100 & 200 EMA on the daily are getting close in preparation for a big move. While this trade may take a while to materialize, and without the breakout it could be an early trade to buy in. But I jumped in for the price is attractive and Fundamentally it...
SRM is breaking out of the symmetrical triangle pattern to move up. If successful, it will move up to 7.5$ 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 :...
Also set some Buy orders near the Trendline Remember no more than 5% of the deposit in one trade SL: next sell signal