$RAY : Bears Retake Control as $RAY Fails to Hold Moving Averages
SHORT SETUP RAY
Entry: $2.2350 - $2.2425
Stop Loss: $2.3283
Take Profit: $2.0596 (2R)
Key Levels: Support $2.0873 | Resistance $2.2425
Technical Analysis for $RAY : RAY is perched at the 4hour resistance near 2.23 USDT. RSI 75 and Stochastic 96 indicate strong overbought pressure, while MACD stays modestly bullish. The orderbook is bidheavy, but a pullback below the 2.20 support zone would validate a short swing. A decisive break under 2.20 strengthens the downside case. Targeting a 2R profit around 2.08 USDT.
Market Context: BTC is slightly down 0.6 % on the 24 h chart, while overall market breadth remains broadly positive.
SHORT $RAY
SHORT SETUP RAY
Entry: $2.2350 - $2.2425
Stop Loss: $2.3283
Take Profit: $2.0596 (2R)
Key Levels: Support $2.0873 | Resistance $2.2425
Technical Analysis for $RAY : RAY is perched at the 4hour resistance near 2.23 USDT. RSI 75 and Stochastic 96 indicate strong overbought pressure, while MACD stays modestly bullish. The orderbook is bidheavy, but a pullback below the 2.20 support zone would validate a short swing. A decisive break under 2.20 strengthens the downside case. Targeting a 2R profit around 2.08 USDT.
Market Context: BTC is slightly down 0.6 % on the 24 h chart, while overall market breadth remains broadly positive.
SHORT $RAY
