*NOT FINANCIAL ADVICE: This idea IMO for personal use only* ==================================================== Very bullish on this one and will be a long-term hold strategy. Has the potential to do another Solana since it's their DEX exchange and built on their technology.
At the time of charting this it ranks #125 on coinmarketcap with market cap 511M . SRM is a DEX with eco system said to be much Faster, Cheaper and more powerful than DeFi. Designed around a fully on-chain central order book and matching engine.
[u]It's the ONLY high performance DEX to exist [/u]at the time of writing this. *Read that again*
One to watch. For now, I have just bought a small hold bag and have set some buy orders for lower too as I'm expecting some further pull back before the next leg up (DCA). Defo staying bullish & watching this one.
Using naked price action analysis: 🔸 ATH , Volume, Fib confluence zones and levels, bullish descending and flag formations 🔸 For Trading: Suggested Entry, SL & Exit points are my theory only. 🔸 For Holding: Since this is a hold strategy / bag-set-and-forget strategy, I will DCA along the way on dips only, so any entry is a good entry. 🔸 Currently available on Binance, Uniswap, Sushiswap, Serum Dex. Head over to CoinMarketCap for full details of listed markets and tokenomics metrics. Only use the contract address officially listed on their website or on CMC, *be wary of scam listings elsewhere*
As always, watch for volume. Do your own research, check on-chain data. Always be watching BTC. This is not Financial Advice.
Do you know if the SRM listed on Raydium is legit? My bad, just answered my own question. Thanks for the analysis. I think you are spot on, this is a goldmine.
CryptoZani
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@drowninbleach, haha all good!! Glad you find my charts useful. I agree, this one is defo worth watching, even if you get a small bag now and sit on it during the short term BTC corrections, I think you will find this will rocket in the long term. Thanks for stopping by!