Rayusdt
RAY LONG TRADE 20210828Signal: Red -> Green
Context: Green
RAY, RAYDIUM, RAYUSD , RAYUSDT ,RAYUSDTP ,CRYPTO,CRYPTOCURRENCY
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions and be responsible for your own investing and trading Activities.
Raydium decentralized exchange
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
if you liked Solana u will like Raydium also. Can Stake also RAY for 29% APR. Dyor it more.
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Trading Parts :
- Nothing to buy now, wait.
- This trade is a bit sophisticated, so you need to manage amount of money you invest.
- Money management is the Key of succes.
- Wait for a strong break and buy RAY after it pass 10.5$
- Wait for a dip and buy RAY around 5.5$
- Keep some cash in case of TheKing dip or trap and buy at Bottom around 2.5$-3$.
- TP1 : 14.9$ (Security TP)
- TP2 : 23.9$
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Happy Tr4Ding !
#RAYUSDT 264%+ potential Rally!#RAY 264%+ potential Rally!
Welcome to this quick update, everyone.
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures.
Well, this setup is for the spot.
RAY Looks good for a move upwards here.
RAY/USDT Raydium picking up speed together with SolanaWe see Raydium in an upwards channel and currently testing old resistance lines.
If this old resistance turns into support we can expect some further upwards movement.
As the biggest dex of solana Raydium could have a bright future ahead.
Basic rules:
- Never buy the top/ATH
- Take profit as long as you can
- 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.
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.
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.
$RAY inverted head and shoulders$RAY
inverted head and shoulders
Disclaimer
I'm not a registered investment, legal or tax advisor or a broker/dealer. All investment/ financial opinions expressed by me are from the personal research and experience. Intended as educational material. Although best efforts are made to ensure that all information is accurate and up to date, occasionally unintended errors and misprints may occur.
Do your Own Research
My content is intended to be used and must be used for informational purposes only. It is very important to do your own analysis before making any investment based on your own personal circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you find there and wish to rely upon, whether for the purpose of making an investment decision or otherwise.
Past performance is not a guarantee of future return, nor is it necessarily indicative of future performance. Keep in mind investing involves risk. The value of your investment will fluctuate over time and you may gain or lose money.