$RAY cooled off exactly where I wanted to see it. 👀
ran all the way to $1.44, and now it's sitting at $1.0894... right in that $1.06-1.08 zone I've been watching instead of chasing the pump. low of the day actually touched $1.066, basically tagged support and bounced.
I didn't buy the top and I'm not about to buy the bottom blindly either. this is the "wait and see who wins this fight" zone. if it can't hold here, $0.96-1.00 is the next real floor, that's where I'd actually start getting interested again.
on the upside, $1.13-1.15 is the wall that's been capping every bounce attempt. reclaim that with real volume and this starts looking like RAY wants another leg... $1.25, then $1.30, then a real shot at retesting $1.44.
right now it's just sitting there deciding. that's usually the boring part nobody wants to admit is the important part.
ran all the way to $1.44, and now it's sitting at $1.0894... right in that $1.06-1.08 zone I've been watching instead of chasing the pump. low of the day actually touched $1.066, basically tagged support and bounced.
I didn't buy the top and I'm not about to buy the bottom blindly either. this is the "wait and see who wins this fight" zone. if it can't hold here, $0.96-1.00 is the next real floor, that's where I'd actually start getting interested again.
on the upside, $1.13-1.15 is the wall that's been capping every bounce attempt. reclaim that with real volume and this starts looking like RAY wants another leg... $1.25, then $1.30, then a real shot at retesting $1.44.
right now it's just sitting there deciding. that's usually the boring part nobody wants to admit is the important part.
