$RAY : High Conviction Short Opportunity as $RAY Tests Supply Wall
SHORT SETUP RAY
Entry: $2.3650 - $2.3669
Stop Loss: $2.4606
Take Profit: $2.1767 (2R)
Key Levels: Support $2.2013 | Resistance $2.3669
Technical Analysis for $RAY : Price sits below EMA9, EMA21 and EMA50 while the MACD line remains under its signal, signalling shortterm bearish momentum. A break above the 2.3669 resistance invalidates the setup. Target is 2.2013, the next major support. SHORT bias targets continuation toward support, with resistance as the invalidation level. The stop loss defines the risk level for this setup.
Market Context: BTC is up 0.9% with a broadly positive market, but RAYUSDT shows its own bearish bias against the prevailing green sentiment.
SHORT $RAY
SHORT SETUP RAY
Entry: $2.3650 - $2.3669
Stop Loss: $2.4606
Take Profit: $2.1767 (2R)
Key Levels: Support $2.2013 | Resistance $2.3669
Technical Analysis for $RAY : Price sits below EMA9, EMA21 and EMA50 while the MACD line remains under its signal, signalling shortterm bearish momentum. A break above the 2.3669 resistance invalidates the setup. Target is 2.2013, the next major support. SHORT bias targets continuation toward support, with resistance as the invalidation level. The stop loss defines the risk level for this setup.
Market Context: BTC is up 0.9% with a broadly positive market, but RAYUSDT shows its own bearish bias against the prevailing green sentiment.
SHORT $RAY