Raydium Analyze (Road Map)!!!🗺️What is Raydium ?
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 to all of Serum’s order flow as well as their existing liquidity.
RAY is the native utility token used for:
🔴Staking to earn protocol fees
🔴Staking to receive IDO allocations
🔴Governance votes on protocol decisions
Raydium Analyze ( RAYUSDT) Timeframe 8h⏰ (Log Scale)
Location 🌊: Raydium is moving in my favorite wave, which means wave 2. In this wave, each way correction (A & B & C) is made of a Double Three Correction, and now Radium is running on the last way of correction (Wave C).
I showed you the end of microwave C of Main wave 2 in my chart. probably it will end at my ⏰ TRZ ⏰ (Time Reversal Zone).
🔴 Note 🔴 : When Raydium can break My i mportant Downtrend Line , then we can verify the start of Main wave 3.
Support Zone & The end of Main wave 2 : 8.05$ until 8.40$
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy , this is just my idea, and I will be glad to see your ideas in this post.
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