$RAY
The bulls in $RAY can’t hold on anymore. One big bearish candle, down 6.0%, and the bulls have been stunned. Both volume and price are falling, with wave after wave of selling pressure. Once panic selling is flushed out, a rebound is often not far off. The trend is down, so don’t try to catch a falling knife—short with the trend. There’s still time to short $RAY now; once the market makes its move, that’s a different story. A rebound is a gift: short $RAY at 2.31, cut your losses if it breaks 2.37, and target 2.12. I’m not a market maker; I’m just documenting the traces of capital flows I see. Don’t get carried away when you win, and don’t stubbornly hold on when you lose. Discipline is worth more than direction. There are opportunities every day, but you only have one pot of capital—don’t get your priorities backwards. I don’t charge or manage trades; I’m sharing this simply to record my own views.
The bulls in $RAY can’t hold on anymore. One big bearish candle, down 6.0%, and the bulls have been stunned. Both volume and price are falling, with wave after wave of selling pressure. Once panic selling is flushed out, a rebound is often not far off. The trend is down, so don’t try to catch a falling knife—short with the trend. There’s still time to short $RAY now; once the market makes its move, that’s a different story. A rebound is a gift: short $RAY at 2.31, cut your losses if it breaks 2.37, and target 2.12. I’m not a market maker; I’m just documenting the traces of capital flows I see. Don’t get carried away when you win, and don’t stubbornly hold on when you lose. Discipline is worth more than direction. There are opportunities every day, but you only have one pot of capital—don’t get your priorities backwards. I don’t charge or manage trades; I’m sharing this simply to record my own views.