Current Price: Raydium ($RAY ) is trading near $2.36 , up approximately 9.3% from the previous close, within a range of $2.16โ$2.42 today.
๐ Trading Signal Plan :
1. Identify Key Support Zone: Watch the $2.20โ$2.24 levelโprice must stay above it to maintain bullish structure. A bounce here offers a favorable entry.
2. Confirm with Moving Averages: Enter if price remains above MA50/100 cloud with at least 67% of moving averages signaling bullish bias.
3. Monitor Breakout Point: Look for clear break above $2.36โ$2.42 accompanied by volume spike to validate rally continuation.
4. Use Oscillators: Watch for RSI/MACD bullish crosses; avoid overbought extremes (RSI > 70).
5. Set Risk Parameters: Place stop-loss just under $2.20. Targets: $2.58โ$2.68, then $3.00+.
This plan integrates support/resistance zones, moving averages, momentum confirmation, and disciplined risk management.