RAY / Tether PERPETUAL FUTURES
Long
Updated

$RAYDIUM Local Bottom in?

406
$RAYDIUM has been cooling off the pass week while the other assets gain. Ray hit the trend perfectly with a double bottom in the liquidity zone on the 4hr time frame. We could see continuation from here. Short term I can see an 18% gain from here with a longer view of %40 + in the coming weeks/month.

Entry: $5.4
TP 1: $6.35
TP 2: $6.9
TP 3: $7.8

If we break the $6.5 area, consider adding to your position or enter a new one on confirmation.

This is a longer swing trade that may take several weeks to play out, broader market dependant.

NFA and always do your own research. Nothing is guaranteed.

GL:)
Order cancelled
Not enough volume to push price higher, a great pull back is more likely to happen before the next major leg up.

Disclaimer

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.