$RAY RAY Forms M Pattern 📉🔄 | Potential Reversal Brewing! 🚨🧠

🔍 Ray is carving out a classic M pattern on the charts — a well-known bearish reversal signal that traders shouldn’t ignore! This double-top formation often precedes a significant correction if the neckline breaks 📉⚠️.

📊 The two peaks of the M are clearly defined, with volume declining on the second top — indicating weakening buying pressure 🛑📉. Meanwhile, RSI is dropping from overbought zones 🎯⬇️, and MACD is showing bearish divergence, signaling momentum loss ⚡🐻.

📈 If price breaks below the neckline support, a sharper downtrend could accelerate, possibly dragging in weak hands and triggering stop-loss cascades 💥🧨. Exchange balances rising suggest some holders might be exiting 🏦⬆️.

🐳 Whale activity shows cautious positioning, with some distribution noted 📦📉. Social sentiment is cooling, and chatter about RAY is dwindling — a sign the hype may be fading 📱❄️.

🧯 Traders should manage risk carefully and watch for a confirmed breakdown or false breakout 🎯⚖️. Reversals like this can trap both bulls and bears if not properly confirmed.

⚠️ Patience and discipline are key in volatile setups like this. Keep an eye on support zones and volume spikes for clues 📚👀.

⚠️ Not financial advice — always DYOR 🧠📚