RAYUSD looking pretty crazy, i cant remember if i have ever seen a quintuple Bottom on a Chart before. This could potentially confirm a bottom to traders and rn would be the lowest risk entry because its pretty easy to manage risk at this level. If RAY closes a daily candle or even a 4h below the $8.986 level, it will probably fall much lower. But since its a rock solid project and the biggest AMM on Solana i highly doubt it, at least it would be kinda devastating for the Solana ecosystem and signal weakness to investors.Oscillators on all higher time frames looking primed for tremendous upside potential.
Note
Trade still valid but its now a octo-bottom patttern xD I exited the trade because i switched my Funds from Raydium to VVS.finance and only used RAY to farm ATLAS.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.