RAY - time for long is now 21.07.22

- some resilience to BTC volatility
- multiple squeezes to local TL after trap & rebound from pullback back to TL
- TL touches at shorter and shorter intervals
- volume at low on # occasions - strength with bulls
- Broken local mirror level
- Under vWAP
- ATR <50%

TP points at levels of:
(a) 0.89
(b) 0.919
(c) 0.956
(d) 1.036 - to the moon

Kommentera:

For context, view on 5M TF

Kommentera:

1TP reached - squeezing now to mirror level, where i expect a small pump after the pullback which we can see (I suspect this is a trap).

Kommentera:

Other good news is that BTC seems to have re-entered it's rising channel and is currently at the lower end. So far, BTC dips seem to impact RAY, but rises have a greater impact, this is good news for this idea

Trade stängt manuellt:

Closed at BE after hitting 2nd TP - BTC took a dive, will re-enter should conditions apply.