News front: Ice and fire
Major bullish news: Certain U listing ignites demand
On June 19, South Korea's largest exchange suddenly announced the listing of RAY/KRW and RAY/USDT trading pairs. As soon as the news broke, RAY surged over 25% in a short time, peaking at $2.648, with a daily increase of nearly 23%. The exchange listing directly brings new funds and liquidity, causing a sharp increase in short-term demand, making it the strongest catalyst for RAY recently!
Hidden bearish signal: Whales cashed out $2.26 million
At the same time, on-chain monitoring shows that a whale took advantage of the surge to transfer 906,000 RAY to a certain address, suspected of high-level selling. Whale movements often indicate a short-term top, and selling pressure may suppress rebound space.
Technical analysis: Death cross unbroken, key levels determine fate
Current status: Near current price of $2.25, MACD still shows a death cross, bears dominate. However, the 4-hour chart has rebounded to around $2.38 due to Upbit's positive stimulus. If it holds above $2.52, it is likely to challenge the $3.05 resistance.
Long-short defense line: Support: $2.00, breaking may plunge to $1.94; Resistance: $2.52.
Precise strategy: Keep a close eye on two actions
Whales dumping does not change the trend, breaking the moving average is a charge signal!
Short-term long position: Current price $2.25, light position to try long, stop loss at $1.95, if volume breaks $2.52 then add position, target $3.00-$3.05.
Short position opportunity: If it falls below $2.00 and whales continue to transfer coins, go short, targeting below $1.94.
Tonight, keep a close eye on the gains and losses at $2.52! If it breaks, chase long to profit; if it falls below $2.00, immediately stop loss – before the giant sickle swings, which side are you on?
