$RAY : Distribution Phase Ends: Downside Target Zone Set
SHORT SETUP RAY
Entry: $2.4400 - $2.4500
Stop Loss: $2.5428
Take Profit: $2.2494 (2R)
Key Levels: Support $2.4000 | Resistance $2.5505
Technical Analysis for $RAY : Price sits below the 9EMA while above the 21EMA, indicating a shortterm pullback. MACD histogram is negative and Stochastic K (36) is under D (58), both confirming bearish momentum. ADX above 40 shows a strong trend. Orderbook shows bid pressure, but a break above 2.55 could reverse bias. Watch for a move below 2.40 as confirmation.
Market Context: BTC is in a bearish 4hour trend and down 1.26% over 24h, while the broader market is broadly negative (71.5% red).
SHORT $RAY
SHORT SETUP RAY
Entry: $2.4400 - $2.4500
Stop Loss: $2.5428
Take Profit: $2.2494 (2R)
Key Levels: Support $2.4000 | Resistance $2.5505
Technical Analysis for $RAY : Price sits below the 9EMA while above the 21EMA, indicating a shortterm pullback. MACD histogram is negative and Stochastic K (36) is under D (58), both confirming bearish momentum. ADX above 40 shows a strong trend. Orderbook shows bid pressure, but a break above 2.55 could reverse bias. Watch for a move below 2.40 as confirmation.
Market Context: BTC is in a bearish 4hour trend and down 1.26% over 24h, while the broader market is broadly negative (71.5% red).
SHORT $RAY