๐ RAY up 23% on 2.31x volume โ that's the kind of volume spike that makes you sit up and pay attention.
The Setup: Strong uptrend, price ripping through both 4H and daily moving averages like they're paper. 4H RSI at 68.2 (strong but not yet overbought), daily RSI at 83.6 (fully extended).
When a coin moves this hard with this much volume, you don't fade it โ you ride it and let your stops protect you.
๐ Trade Plan (LONG):
โข Entry: $1.43 โ $1.56
โข Stop Loss: $1.23 (below the breakout zone)
โข TP1: $1.60 | TP2: $1.61 | TP3: $1.67
โข Risk/Reward: 0.4 | Confidence: 92%
The risk/reward looks thin but the conviction is sky-high. This is momentum trading โ you scale in and trail your stop.
Is RAY building something real, or is this a one-day wonder that fades by tomorrow? ๐ข
#RAY #Momentum #DYOR
โ ๏ธ Not financial advice. Always DYOR and manage your risk.