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๐Ÿ”ฅ SRM Channel Reversal Trade

ืžืขื•ื“ื›ืŸ
Today, SRM has seen some strong bullish movement, contrary to most of the crypto market. That bullish move alone would make it a decent bearish trade on itself. Looking at the chart, we can clearly see that a bullish channel has developed over the course of a few weeks. In the last H4 bar, the price seems to be reversing towards the channel support. This trade is based on that reversal.

On the chart Iโ€™ve marked two potential areas of support, S1 and S2. These areas are based on recent swing lows. Do your own due diligence.

Happy trading!

ืขืกืงื” ืกื’ื•ืจื”: ื”ื’ื™ืข ืœืกื˜ื•ืค
The market has changed substantially in the last two days. This trade is not active anymore.
Bitcoin (Cryptocurrency)BTCChart PatternscryptoTechnical IndicatorsParallel ChannelSRMTrend Analysisusdt

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