RAYA Approaching Trendline with Bullish Divergence

RAYA is currently testing a key ascending trendline, showing signs of a potential reversal. The price action is forming bullish divergence on the RSI and other momentum indicators, suggesting a possible bounce toward previous resistance levels.
Key Observations:
✅ Price is nearing strong trendline support.
✅ Bullish divergence forming on RSI and other indicators.
✅ Volume is stabilizing, indicating potential accumulation.
✅ First target: 2.58 (major resistance), then 3.24+ if momentum continues.
✅ Stop-loss below 2.10 to manage risk.
A confirmed breakout above short-term resistance could trigger a stronger upside move. Waiting for confirmation before entering a position is crucial!
What are your thoughts? 🚀📈not financial advice
Key Observations:
✅ Price is nearing strong trendline support.
✅ Bullish divergence forming on RSI and other indicators.
✅ Volume is stabilizing, indicating potential accumulation.
✅ First target: 2.58 (major resistance), then 3.24+ if momentum continues.
✅ Stop-loss below 2.10 to manage risk.
A confirmed breakout above short-term resistance could trigger a stronger upside move. Waiting for confirmation before entering a position is crucial!
What are your thoughts? 🚀📈not financial advice
Dagangan aktif
going to the moon Nota
Im adding more to my positionNota
im adding more to my position good luck Nota
im adding more to my position Nota
very strong come backPenafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.