$RAY LONG SETUP
Structure: 4H bullish recovery setup
RAY is trading around $1.9527 after recovering from the recent correction. Price remains above the 7MA, 25MA and 99MA, with the 99MA around $1.85 providing deeper structural support.
The immediate resistance is $1.98–$2.00. A 4H close above this zone could signal continuation toward the higher resistance levels.
ENTRY: $1.940–$1.980
Prefer a 4H close above $1.980 before entry.
INVALIDATION: $1.880
TP1: $2.050
TP2: $2.180
TP3: $2.300
EXTENSION: $2.350+
CONFIRMATION: 4H close above $1.980 + expanding volume.
NEWS: Raydium recently expanded LaunchLab to support launches against any token pair, including tokenized stocks and ETFs. RAY has also benefited from increased launchpad activity and its fee-funded buyback mechanism.
RISK:
RAY has already experienced a major rally, so rejection around $1.98–$2.00 could trigger another pullback toward $1.88 or the $1.85 structural support.
$1.980 RECLAIM = BREAKOUT CONFIRMATION
$1.880 BREAK = SETUP INVALIDATED
$RAY #NFPWatch #BitcoinFundingRateTriplesTo10% #BitcoinSurpasses$86KUp2.99%
Structure: 4H bullish recovery setup
RAY is trading around $1.9527 after recovering from the recent correction. Price remains above the 7MA, 25MA and 99MA, with the 99MA around $1.85 providing deeper structural support.
The immediate resistance is $1.98–$2.00. A 4H close above this zone could signal continuation toward the higher resistance levels.
ENTRY: $1.940–$1.980
Prefer a 4H close above $1.980 before entry.
INVALIDATION: $1.880
TP1: $2.050
TP2: $2.180
TP3: $2.300
EXTENSION: $2.350+
CONFIRMATION: 4H close above $1.980 + expanding volume.
NEWS: Raydium recently expanded LaunchLab to support launches against any token pair, including tokenized stocks and ETFs. RAY has also benefited from increased launchpad activity and its fee-funded buyback mechanism.
RISK:
RAY has already experienced a major rally, so rejection around $1.98–$2.00 could trigger another pullback toward $1.88 or the $1.85 structural support.
$1.980 RECLAIM = BREAKOUT CONFIRMATION
$1.880 BREAK = SETUP INVALIDATED
$RAY #NFPWatch #BitcoinFundingRateTriplesTo10% #BitcoinSurpasses$86KUp2.99%