【$RAY Signal】1H Overbought Short Squeeze Continues, Pullback to Enter Long

$RAY 1H RSI 92.94, price breaks above the upper Bollinger Band to above 0.7595. 4H MACD histogram expands to 0.0093. Deep imbalance -8.48%, selling pressure slightly dominant. Funding rate -0.462%, bearish traders are extremely crowded but price remains firm, indicating clear short squeeze characteristics. Current risk-reward ratio is very low, chasing longs is risky, but bearish crowding has not fully released, watch for rapid reversals.

🎯Direction: Long (wait for pullback to place order)

⚡Entry/Order: 0.7935

🛑Stop Loss: 0.6664

🚀Target 1: 0.7982

🚀Target 2: 0.8014

🛡️Trade Management: Reduce 50% of position at Target 1, move stop loss to break-even. If price falls back to entry, exit.

Depth logic: Price has moved away from the moving average, RSI is extremely high but negative funding rate supports a short-term bullish pattern. Be patient and wait for a pullback confirmation, do not chase high.

Check real-time market 👇 $RAY
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