$RAYSOL remains under bearish pressure near the $2.44 liquidity zone, where short liquidation indicates an aggressive move into this area. The $2.45–$2.50 region now becomes the key resistance zone. A rejection followed by a clean breakdown below $2.40 could expose fresh downside liquidity, while only a strong reclaim above $2.50 would begin to weaken the bearish setup.
Trade Setup
Entry: $2.40–$2.46
Target 1: $2.32
Target 2: $2.24
Target 3: $2.15
Stop Loss: $2.50
How it's possible
The bearish setup depends on price failing to convert the $2.44 area into sustainable support. Sellers need to defend $2.45–$2.50 and push price back below $2.40.
A breakdown accompanied by increasing volume and stronger downside momentum would confirm seller control. The strongest confirmation would be a retest of $2.40 from below followed by rejection, showing that previous support has turned into resistance.
A sustained reclaim above $2.50 would invalidate the bearish thesis.
“If price closes above $2.50, the bearish setup fails and the trade should be exited to protect capital.”
Let’s go and Trade now $RAYSOL
Trade Setup
Entry: $2.40–$2.46
Target 1: $2.32
Target 2: $2.24
Target 3: $2.15
Stop Loss: $2.50
How it's possible
The bearish setup depends on price failing to convert the $2.44 area into sustainable support. Sellers need to defend $2.45–$2.50 and push price back below $2.40.
A breakdown accompanied by increasing volume and stronger downside momentum would confirm seller control. The strongest confirmation would be a retest of $2.40 from below followed by rejection, showing that previous support has turned into resistance.
A sustained reclaim above $2.50 would invalidate the bearish thesis.
“If price closes above $2.50, the bearish setup fails and the trade should be exited to protect capital.”
Let’s go and Trade now $RAYSOL