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$right RIGHT token on Solana:
1️⃣ RIGHT is showing strong bearish momentum with multiple large red candles on higher timeframes.
2️⃣ The 6H candle structure suggests an impulsive sell-off with little buying pressure.
3️⃣ Recent candles have small upper wicks, confirming sellers are controlling the trend.
4️⃣ A continuation pattern may form if the next candle closes below the recent low.
5️⃣ Volume during red candles appears heavy, signaling distribution.
6️⃣ For reversal, a hammer candle with a long lower wick must appear at support.
7️⃣ A bullish engulfing candle on 1H timeframe would indicate short-term recovery.
8️⃣ If green candles form with increasing volume, a 20–30% bounce is possible.
9️⃣ Weak green candles with long upper wicks would signal a fake breakout.
🔟 Until a higher high forms on candle close, trend remains bearish and risky.#righ token #TradeCryptosOnX #TrumpCanadaTariffsOverturned
1️⃣ RIGHT is showing strong bearish momentum with multiple large red candles on higher timeframes.
2️⃣ The 6H candle structure suggests an impulsive sell-off with little buying pressure.
3️⃣ Recent candles have small upper wicks, confirming sellers are controlling the trend.
4️⃣ A continuation pattern may form if the next candle closes below the recent low.
5️⃣ Volume during red candles appears heavy, signaling distribution.
6️⃣ For reversal, a hammer candle with a long lower wick must appear at support.
7️⃣ A bullish engulfing candle on 1H timeframe would indicate short-term recovery.
8️⃣ If green candles form with increasing volume, a 20–30% bounce is possible.
9️⃣ Weak green candles with long upper wicks would signal a fake breakout.
🔟 Until a higher high forms on candle close, trend remains bearish and risky.#righ token #TradeCryptosOnX #TrumpCanadaTariffsOverturned
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