Rayusdt
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.
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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.