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
İşlem aktif
going to the moon Not
Im adding more to my positionNot
im adding more to my position good luck Not
im adding more to my position Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.