Hi 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...
Raydium ; RAY : SAM'S LAST HOPE , currently fueling up; pt3
They'll make a movie about this someday.
PT 2 as part 1 and 2 got delayed asf. engine problems.
In Sam we trust. This one and SRM.
RAY - 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.
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...
RAY was only recently listed on FTX and price has been dragged down by the Bitcoin correction.
If price can close and hold above $9 it will be well positioned to retest the high.
This one is straight forward, buy and walkaway.
Happy trading.
I 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
On 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.
As of Bridgewater Associates' latest 13-F it is shown that Ray Dalio has entered new significant positions of:
90m USD in JPM
66m USD in BAC
47m USD in WFC
36m USD in C
