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MarcoOlevano

#RAY bouncing strongly off horizontal support

Long
Raydium Perpetual Futures (FTX:RAYPERP)  
MarcoOlevano  
FTX:RAYPERP   Raydium Perpetual Futures
Chart Patterns solana raydium Cryptocurrency Bitcoin (Cryptocurrency)
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chartpattern solana raydium cryptocurrency bitcoin
Raydium, the automated market maker and liquidity provider built on Solana for the Serum DEX is once again bouncing off a critical support level @ $9.00. Great level to get a long with a stop level below. Once the downtrend at $10 breaks, i think this goes back to $16+. Also note how the 40 RSI level has held this up as support previously.
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