- Raydium tests the $ 2.30 resistance level, and a TD sequential sales signal appears.
- The long liquidation cluster is formed less than $ 2.16, increasing the risk of deeper correction.
Ladium (Ray) In March, it has been impressive since the integration stage, and the optimistic momentum has risen more than 60% as it returns to the Altcoin market.
In fact, the TD sequential sales signal is now surface on the daily chart.
The token approaches the critical resistance area near $ 2.30 in advance.
Market participants are closely loudly noisy, and in the next few sessions, you can decide whether this rally will be extended.
Prospect
As the price behavior continues to rise, the financing rate tells us a more basis.
The OI weighted funding rate reached 0.0054%in the press time and reflected some of the optimistic feelings of excessive reliable.
This neutral positive ratio suggests that the trader is doing so as a limited leverage for a long time. In fact, the lack of reckless leverage is a more trained dangerous appetite.
Such maturity of positioning reduces the probability of the wipe out and often maintains trends.
Source: COINGLASS
Ray liquidation map disclosure…
Derivatives hit maps add an important layer to this prospect.
The dense cluster of the long liquidation is between $ 2.04 to $ 2.16, which means that the decline to this zone can cause fast waves of forced sales.
On the other hand, short liquids of more than $ 2.32 are relatively thin, so the friction is low when the price increases.
The liquidation map draws a picture of asymmetrical risk. The unloading week can be accelerated, but the upward movement can be even smoother. Maintaining more than $ 2.16 is important for maintaining this strength.
Source: COINGLASS
Healthy but cautious accumulation
According to market activities, traders are more involved, but they are not reckless.
As of the media time, the public interest amounted to $ 16.48 million, and the amount surged to $ 37.8 million.
The difference between the volume and the decrease in public interests emphasizes that the participation of speculative leverage is increasing.
Participants are using spots and reservoir play without accumulation of speculative betting. The redemption eventually provides a stronger leg.
Source: COINGLASS
Brake out potential over $ 2.51
Technically, Ray has rained the upper limit of the extended accumulation range from $ 1.48 to $ 2.51. Assets form a higher minimum level, and if you buy pressure, the structure continues to be advantageous.
The token was traded at $ 2.27 (3.57%) in 24 hours. However, Bulls must protect $ 2.16 and promote $ 2.51 or more to verify the failure.
If these conditions are met, the next important resistance is $ 4.50, which has previously rejected momentum and reversed.
If you recover that level, the trend change that is favorable to the buyer will be greater.
Source: TradingView
Prudent
Despite the TD sequential sales signal, despite having hinges in short -term fatigue, a wide range of metrics continue to support optimistic stories.
The financing rate is steadily maintained and included in leverage, and volume growth signals increase the conviction.
As long as Bulls defends $ 2.16 and occupies more than $ 2.51 with momentum, the upward trend still remains. However, the deep under support can quickly move emotions, causing liquidation and exposing the light with deeper losses.