RAY: this daily candle shows more divergence today than the earlier part of the chart.
On Binance’s spot page, RAY/USDT is currently at $1.4675, up +16.10% in the past 24 hours. The intraday high is $1.4874, with about 22.6269 million USDT traded in the last 24 hours. The big bullish candle and increased volume are both there—but the price is already close to the high. What’s more worth watching next is whether there’s solid support/consolidation at the highs, not just chasing the percentage gain.
I’ll keep watching whether the trading volume can continue. After a push higher, moving sideways is very different from pushing higher and then pulling back—these are completely different moods/market sentiments.
Spot market observation only; no trading instruction included. Short-term volatility, chasing highs and then getting pulled back, weakening volume, and risks of a reversal in the news/macro backdrop are all present.
When you see a kind of “accelerating” daily candle like this, do you look first at the trading volume, or do you look first at the pullback near the high?
$RAY #Solana #BinanceSpot
On Binance’s spot page, RAY/USDT is currently at $1.4675, up +16.10% in the past 24 hours. The intraday high is $1.4874, with about 22.6269 million USDT traded in the last 24 hours. The big bullish candle and increased volume are both there—but the price is already close to the high. What’s more worth watching next is whether there’s solid support/consolidation at the highs, not just chasing the percentage gain.
I’ll keep watching whether the trading volume can continue. After a push higher, moving sideways is very different from pushing higher and then pulling back—these are completely different moods/market sentiments.
Spot market observation only; no trading instruction included. Short-term volatility, chasing highs and then getting pulled back, weakening volume, and risks of a reversal in the news/macro backdrop are all present.
When you see a kind of “accelerating” daily candle like this, do you look first at the trading volume, or do you look first at the pullback near the high?
$RAY #Solana #BinanceSpot
