【$RAYSOL Signal】Pullback confirmation, secondary bullish surge

$RAYSOL 1H timeframe high-level sideways consolidation, 4H Bollinger Bands break above the upper band, RSI surges to 82.78, buying momentum has shown signs of fatigue. However, open interest remains stable, negative funding rate of -0.2159% persists, and the bearish squeeze pattern remains. The order book shows sell orders stacking above 0.70, but buy orders are surprisingly thick in the 0.698 to 0.699 range, indicating clear support intentions.

🎯Direction: Pullback to go long

⚡Entry/Orders: Enter in batches within the 0.635 - 0.651 range

🛑Stop-loss: Below 0.618

🚀Target 1: 0.785

🚀Target 2: 0.852

🛡️Trade Management:
- Execution strategy: After the price reaches 0.785, reduce position by half, and move the remaining stop-loss up to the entry price. If the price fails to hold above 0.70 and drops below 0.688, consider exiting early.

Currently, the price is far from the 1-hour moving average, making chasing high with high risk-reward unfavorable. The 4-hour MACD golden cross remains expanding, indicating trend inertia. However, the 1-hour MACD histogram is starting to contract, suggesting a short-term pullback is needed. At this level, the risk-reward ratio exceeds 4:1, making it worthwhile to attempt a trend continuation with a small stop-loss. The key is whether we can acquire chips within the suggested zone.

Check real-time market 👇 $RAYSOL
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