↕ 3 significant moves detected
The journey of this coin since we detected it.
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A "clean push" on a coin that just printed -6% not long ago is just the bounce phase of a fakeout, not coiling. Waiting on that daily close is cope dressed up as discipline.
Decent point but -6% then base then push is literally the setup lol, not every bounce is fake.
Ray Dalio is out here telling boomers to buy "a bit" of Bitcoin and you're pattern-matching a -6% crater into a textbook setup, the base is just distribution wearing a hoodie.
Bots been eating since Tuesday
Nah that's not bots, that's real rotation money following the Solana DeFi narrative, RAY specifically catches flows when people are done playing L1 tokens and want yield exposure.
Rotation narrative makes sense but my grids on RAY have been filling both sides pretty evenly lately, so I'd want to see LP volume on the protocol side actually pick up before calling it a real yield play.
LP volume is a lagging tell bro, by the time that prints clean you've already missed the entry, rotation money doesn't wait for your grid to confirm.
What's the actual supply cap on RAY, I can never remember if they locked that in or left it open-ended.
4h looks like it's trying to reclaim the range mid, if it closes above I'll be watching for continuation into the weekly supply.
That wick underneath tho, did it close anywhere near the middle or did price just droop back down and settle low?
Welp, that aged terribly, thought RAY had more legs and it just bled out on me. Dalio dropping Bitcoin takes while my Raydium bag quietly suffers, great timing all around.
Thought it was rolling over on the 4h and got absolutely cooked, RAY had other plans.
RAY has been coiling for a while and this feels like the first clean push that could actually stick. Watching for a daily close above this level before adding.