RAY dumped -13.9% and the chart is screaming exhaustion. 📉
Raydium at $1.18 after a massive sell-off, but the daily trend is still a strong uptrend. RSI 1D at 76.4 was overbought and now it is rolling over. Volume at 2.95x average confirms this is heavy distribution, not just noise.
📊 Why This Trade?
4H RSI at 65.1 still has downside room before hitting oversold. The L/S ratio at 1.0 is perfectly balanced — meaning the move can extend in either direction. Price broke below 4H SMA7 ($1.231), confirming short-term weakness.
🔑 Trade Plan (SHORT):
• Entry: $1.126 – $1.238
• SL: $1.406 (above swing high)
• TP1: $1.092 | TP2: $1.058 | TP3: $1.013
Counter-trend short — take profits aggressively at each target.
Is RAY going back to $1.50 or heading to $0.90? 🎯
#RAY #Solana #DYOR
⚠️ Disclaimer: This is not financial advice. Do your own research. Trading involves significant risk.
Raydium at $1.18 after a massive sell-off, but the daily trend is still a strong uptrend. RSI 1D at 76.4 was overbought and now it is rolling over. Volume at 2.95x average confirms this is heavy distribution, not just noise.
📊 Why This Trade?
4H RSI at 65.1 still has downside room before hitting oversold. The L/S ratio at 1.0 is perfectly balanced — meaning the move can extend in either direction. Price broke below 4H SMA7 ($1.231), confirming short-term weakness.
🔑 Trade Plan (SHORT):
• Entry: $1.126 – $1.238
• SL: $1.406 (above swing high)
• TP1: $1.092 | TP2: $1.058 | TP3: $1.013
Counter-trend short — take profits aggressively at each target.
Is RAY going back to $1.50 or heading to $0.90? 🎯
#RAY #Solana #DYOR
⚠️ Disclaimer: This is not financial advice. Do your own research. Trading involves significant risk.