News front: Ice and fire
Major positive news: A certain U token launch ignites demand
On June 19, South Korea's largest exchange suddenly announced the launch of RAY/KRW and RAY/USDT trading pairs. Upon the news, RAY surged over 25% in a short time, peaking at $2.648, with an intraday increase of nearly 23%. The exchange listing brings new funds and liquidity, dramatically increasing short-term demand; this is the strongest catalyst for RAY recently!
Invisible negative news: Whales cashed out $2.26 million
At the same time, on-chain monitoring shows a whale transferred 906,000 RAY to a certain account during the surge, suspected of high-level selling. Whale movements often indicate short-term tops, and selling pressure may suppress rebound space.
Technical analysis: Death cross unbroken, crucial level determines fate
Current status: Near the current price of $2.25, MACD still shows a death cross, bears dominate. However, stimulated by Upbit's positive news, it has rebounded to around $2.38 on the 4-hour chart. If it stabilizes above $2.52, it is expected to challenge the resistance at $3.05.
Long and short defense line: Support: $2.00, breaking it could lead to a deep drop to $1.94; Resistance: $2.52.
Precise strategy: Keep a close eye on two actions
Whales dumping does not change the trend; breaking through the moving average is the charge signal!
Short-term long position: Current price $2.25, lightly test long, stop loss at $1.95. If it breaks through $2.52 with volume, add to position, target $3.00-$3.05.
Short position opportunity: If it breaks 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 through, chase the long position and profit; if it breaks below $2.00, immediately stop loss—before the giant scythe swings, which side are you on?
