📈 $RAY at $1.3099 (+20.95%)

The 20% candle on $RAY today is exactly the kind of trap that cost me $5,400 back when I didn't respect structural support. Most of the retail crowd is chasing the daily high at $1.47, ignoring that $BTC has been chopping in a tight range, acting like a dampener on every altcoin breakout. If $BTC loses the $56k handle, everything else, including $RAY, will be a bloodbath. My analysis hinges on the fact that while $RAY looks strong, the correlation with $INJ is failing; $INJ is currently showing signs of accumulation, which usually precedes a rotation out of these high-volatility pumps. I’m playing this with extreme caution because the market is showing a disconnect between hype-driven coins and the heavyweights.

SETUP TYPE: Pullback

This is a trend-continuation setup, but I am waiting for the price to find footing. Momentum trades are ego-boosters, but pullback trades are where you actually build capital without blowing your account on a wick.

ENTRY ZONE: $1.15 to $1.18

I am looking for a retest of the breakout base. It is structural support that held twice today; if it fails, the entire move is a liquidity sweep.

STOP LOSS: $1.02

Placed just below the $1.06 daily low to account for market noise. If we hit $1.02, the bullish thesis is invalidated, and I’m out before the panic selling starts.

TARGETS:

Target 1 is $1.35, where I take 50% profit to cover the risk. Target 2 is $1.46, aiming for the daily high.

RISK/REWARD: 1:2.4

Risking roughly $0.14 per share to capture a $0.30 gain. It’s a clean setup, but I’m keeping size small.

POSITION SIZE WARNING:

Never risk more than 1% of your total account value on this. If you’re over-leveraged, you’re just gambling, not...