RAY just pumped 17% while BTC bleeds — this is what relative strength looks like. 💪
Raydium broke above its 7-period 4H SMA ($1.37) and is now trading near the upper Bollinger Band. RSI(4H) at 66.3 shows momentum but not overbought yet. Daily RSI at 82.8 is screaming overbought, but in strong uptrends, RSI can stay elevated for weeks. Volume is surging (1.73x average) — this is real buying pressure.
🔍 Why This Trade?
The trend is "strong uptrend" on both timeframes, and price is trading above all key moving averages. Long/short ratio at 1.0 shows balanced positioning — no squeeze risk yet. When DeFi tokens show this kind of relative strength during market weakness, they often continue until RSI(4H) hits 75+. The 99-day SMA ($0.70) is so far below that it confirms the long-term uptrend.
📊 Trade Plan (LONG):
• Entry: $1.391 - $1.513
• Stop Loss: $1.208 (below 4H swing low)
• TP1: $1.558 | TP2: $1.568 | TP3: $1.626
• Risk/Reward: 0.4 (conservative because overbought conditions)
Confidence: 84% | Strategy: Volatile momentum continuation
💭 Would you chase a 17% green candle or wait for a pullback to $1.30? 👇
#RAY #Raydium #DeFi
⚠️ DYOR. Not financial advice. Trading involves substantial risk of loss.
Raydium broke above its 7-period 4H SMA ($1.37) and is now trading near the upper Bollinger Band. RSI(4H) at 66.3 shows momentum but not overbought yet. Daily RSI at 82.8 is screaming overbought, but in strong uptrends, RSI can stay elevated for weeks. Volume is surging (1.73x average) — this is real buying pressure.
🔍 Why This Trade?
The trend is "strong uptrend" on both timeframes, and price is trading above all key moving averages. Long/short ratio at 1.0 shows balanced positioning — no squeeze risk yet. When DeFi tokens show this kind of relative strength during market weakness, they often continue until RSI(4H) hits 75+. The 99-day SMA ($0.70) is so far below that it confirms the long-term uptrend.
📊 Trade Plan (LONG):
• Entry: $1.391 - $1.513
• Stop Loss: $1.208 (below 4H swing low)
• TP1: $1.558 | TP2: $1.568 | TP3: $1.626
• Risk/Reward: 0.4 (conservative because overbought conditions)
Confidence: 84% | Strategy: Volatile momentum continuation
💭 Would you chase a 17% green candle or wait for a pullback to $1.30? 👇
#RAY #Raydium #DeFi
⚠️ DYOR. Not financial advice. Trading involves substantial risk of loss.