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Raydium

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RAYUSD trade ideas

RAY/USDT Update: Raydium entry found. Solana Blockchain pumpRaydium as the leading DEX for the Solana Ecosystem which still is very young. According to the upwards parallel channel we get a perfect entry opportunity and can enjoy the ride. The volume increase is appealing and a bullish sign. So far Raydium did not see a big pump so you are not too late for the party. Basic rules: - Never buy the top/ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone. Check the description.
FTX:RAYUSDLong
by tumbler55
Possible outbreakOn the daily timeframe, the fibonacci shows acceptance at the 0.382 level. This is a good signal. If we close above the orange line (the level with the most volume) today, we can expect a breakout from the rising wedge. A possible run of up to $ 22 dollars in the short term is then possible. If we close below the orange line, we can again expect a retest against the support, if he can break it, I don't see him drop further than 10.30 I HODL and buy any dips. This is not financial advice!
FTX:RAYUSDLong
by Jappie24