$RAY Long Setup – Fibonacci Reversal Incoming
Raydium (RAY) is currently testing the $6.20 - $6.24 support zone, aligning with the 0.618 Fibonacci retracement level, a strong reversal point. If this level holds, RAY could see a bullish move toward higher Fibonacci levels and resistance at $7.40 - $8.00.
📈 Long Entry: $6.20 - $6.25
🎯 Target 1: $7.40
🎯 Target 2: $8.06
❌ Stop Loss: $6.05
Market Outlook: The 0.618 Fib retracement is a key area where buyers may step in, making this a potential reversal zone. A breakout above $6.45 would confirm bullish momentum.