$RAY RAY May Soon Crash ⚠️📉 | M-pattern at the Top Signals a Reversal Ahead 🔻💀
🚨 RAY shows a bearish M-pattern right at the top — a classic double top reversal signal that often leads to strong corrections. 📊🔍 The neckline of the pattern is in focus, and sellers are circling. 🧯🧱
📉 RSI is leveling off after reaching a high 🎯➖, while MACD has entered a bearish crossover 💀📉 — momentum is shifting quickly, and bulls are losing strength. 🧊
🔻 Selling pressure is sharply increasing, while buying volume is decreasing 📉🔒. Red candles are accumulating in the upper zone, indicating distribution before a potential drop. 🟥📊
🐋 On-chain data shows that whale wallets are selling off 📦📤, while exchange balances are rising 📈🏦 — a strong sign that large holders are moving tokens back to CEX for potential sell-offs. ⚠️👀
📱 Social sentiment is cooling down, and wallet growth is slowing 📉💤 — retail excitement is waning just as technical indicators turn bearish. The timing couldn't be worse for bulls. 😬
⏳ If RAY breaks the neckline of the M-pattern, it could lead to a swift, sharp crash into low-demand zones. Traders should be prepared for spikes in volatility and avoid chasing dead cats. 💣🔍
The top may have been reached — until proven otherwise, risk management is key here. 🔻⚖️
⚠️ This is not financial advice — always conduct your own research
