RAY.USDT (Y21.P2.E1).ONLY FTXHi Traders,
The story continues and hence the continuation from the previous post (RADIUM), link supplied below.
If you accumulated in the zone as I said last, you should be up in profit and hence now you can place more orders here using the previous entry or profit to reduce your risk if prices drops back down, which is unlikely
Here I give acknowledgement to the strategy and confirmation its working with the plan I envisioned for this trade. Lessons for the newbies.
Moving foreword, I have placed the 1st 2 targets.
All the best,
S.SAri
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Ray
RAY - Raydium - Another Sam Coin Second ChanceRAY - Raydium - Another Sam Coin Second Chance
Sam is giving us one more chance at glory. I for one am taking it.
Defi on Solana - It sources liquidity from a DEX (Serum) for pools.
Ie. the triad: SERUM - SOLANA - RAY
Sounds good to me.
Don't let me down Sam.
Raydium: An Undervalued SBF Coin with High Growth Potential In this post, I'll be going over one of the more undervalued coins, Raydium.
Disclaimer: This is not investment advice. This is for educational and entertainment purposes only. I am not responsible for the profits or loss generated from your investments. Trade and invest at your own risk.
Analysis
- Applying technical analysis in this chart is rather difficult as there isn't enough price action.
- However, the setup looks almost identical to other coins like sushi and uniswap that have grown over 10x since their initial breakout
- This coin is also one of SBF's coins. Other SBF coins include Solana (SOL), Sushi Swap (SUSHI), Ren (REN), and Serun (SRM).
- Besides Serum, all other coins' market caps are in the billions range.
- Raydium's market cap is at a mere $107m.
- We have broken out of the descending trend line resistance, and with the entire market being extremely bullish, a move towards the 1.618 fib resistance at $20 seems reasonable.
NZDJPY - Follow the StructureI and the Alkaline team got involved in an early buy position on this pair which has been extremely rewarding. I will be looking for a second buy position into the significant structure marked if we manage to see rejections from the horizontal ray, let's see how price develops on Monday. Have a great trading week everyone!
COT Data - 50/50
BNBUSDT SHORTOn a 30 minutes timeframe, market is on a downtrend with a descending channel. Zooming in to where price is at, there are opportunities for price to form a double top pattern. I will go short if price come back to break the SR line 21.9870 and TP immediately if touches the zone. If price goes back to SR line 22.9228, the trade idea will be invalid.