$RAY loses momentum after a sharp spike as price rolls over from the highs 🔻
RAY has transitioned from impulse expansion into a corrective phase, with the latest push failing to hold above the upper range. The tape is showing softer momentum, thinner follow-through, and a clear reduction in aggressive buying interest. Volume has begun to normalize after the spike, which typically signals that the initial breakout energy is being absorbed rather than extended.
My read is that the move has likely attracted late retail participation into a zone where supply was waiting. That is where institutional order flow often leans the other way. The market is not rewarding continuation yet; it is probing for weak hands and testing whether the prior breakout was real demand or simply a liquidity sweep. Unless price can reclaim the failed highs with conviction, the higher-probability path remains a controlled mean reversion toward lower liquidity pockets.
Entry: 0.770–0.820 🔻
Target: 0.720 📉
Target: 0.680 📉
Target: 0.640 📉
Stop Loss: 0.860 🛑
Risk disclosure: Not financial advice. Crypto markets are volatile, and this setup can fail if price reclaims the invalidation zone with strong order flow.
#RAY #CryptoTrading #TechnicalAnalysis #Altcoins
