$RAY Ray Forms M Pattern ⚠️📉 | Bearish Reversal on the Horizon? 🧨📊

🚨 Caution ahead — Ray has formed a classic M pattern on the chart, often signaling a potential bearish reversal 📉⚠️. This double-top structure is a red flag for traders, especially with volume fading on recent attempts to break resistance 🪫📊.

📊 The RSI is flattening near mid-levels 🎯, showing momentum exhaustion, while the MACD hints at a bearish crossover 🔻🧠 — a combo that historically aligns with price dips.

📉 Sell pressure is creeping in, and buy volume is declining, showing lack of bullish follow-through 🛑🟠. If support breaks at the neckline of the M pattern, Ray could see a sharper move downward ⛔📉.

🧬 On-chain activity is also cooling — wallet growth is slowing, and exchange balances are starting to rise, indicating tokens may be headed toward sell-off zones 🏦🚨.

💬 Social sentiment is mixed, with some FUD building 🐻📉. While no panic yet, smart traders are watching this structure with caution. It’s a textbook warning to manage risk and avoid overexposure during patterns like this 🧯⚖️.

⏳ Patience pays off — if you're waiting for a clearer signal, this might be the time to sit tight and let the chart reveal its next move.

⚠️ Not financial advice — always DYOR 🧠📚