$RAYSOL Update: Bullish Momentum Continues — Is a Pullback Near?
($RAYSOL) is currently showing strong bullish strength, trending well above its green SuperTrend support at 0.6368. While the price action remains positive, the RSI(6) is sitting at 73.15, suggesting we are entering overbought territory which could lead to a minor cooling-off period or consolidation.
🎯 Trade Setup
EP (Entry): 0.6650 – 0.6850 (Wait for a retest of the immediate support)
TP (Targets)
TP1: 0.7450
TP2: 0.7800
TP3: 0.8200
SL (Stop Loss): 0.6150
Technical Summary
The immediate resistance sits at the recent peak of 0.7261, while a solid floor has been established near the 0.6368 level. A successful flip of the current resistance into support would pave the way for a move toward the 0.80 liquidity zone, but traders should watch for potential profit-taking at these RSI levels.
Do you think ($RAYSOL) can break through 0.73 today, or are we heading for a retest of the SuperTrend?
Watching this level closely.
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