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【$RAY Signal】Short squeeze continues with a strong breakthrough on the 1H chart
$RAY 1H RSI 92.94, funding rate -0.462%, selling pressure suppressed but price continues to rise, short squeeze structure is clear.
4H MACD histogram continues to expand, bullish momentum has not exhausted. But the current price is far above the upper Bollinger Band, indicating high risk of chasing the rally.
🎯Direction: Watch and wait (Pending orders )
⚡Entry/Order: 0.7935
🛑Stop loss: 0.6664
🚀Target 1: 0.7982
🚀Target 2: 0.8014
🛡️Trade management: After reaching Target 1, reduce position by 50%, move stop loss to break-even. If the price falls back to the entry level, exit automatically.
Depth logic: After breaking above the 4H Bollinger Band upper band, the acceleration continues, but the bullish/bearish ratio data is insufficient. Negative funding rate suggests shorts are being continuously squeezed. However, profit margin is very narrow, suitable only for light positions. Rational assessment indicates the risk-reward ratio is not favorable; strictly follow stop-loss discipline.
View real-time market 👇 $RAY
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