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📊 Short-Term Analysis for
$RAY /USDT (15m - 1h - 4h) 🔥
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📉 Why a Short Trade?
1️⃣ Key Resistance at $2.05 - $2.10 🚧
🔹 RAY has faced strong rejection near $2.10, signaling potential downside.
🔹 If price stays below $2.00, expect further selling pressure toward $1.95 - $1.90.
2️⃣ Lower Highs Formation 📉
🔹 RAY is forming lower highs, indicating bearish momentum.
🔹 A break below $1.98 could trigger a stronger downside move toward $1.90.
3️⃣ Decreasing Volume, Bears in Control 📊
🔹 24H Volume: 11.24M USDT – Sellers increasing.
🔹 If RAY fails to reclaim $2.05, expect further downside toward $1.90.
4️⃣ Key Support at $1.95 - $1.90 🛑
🔹 A breakdown below $1.95 will confirm further downside toward $1.85.
🔹 Watch for a strong bearish candle with volume for confirmation.
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📊 Short-Term Trade Setup (15m - 1h - 4h) 📊
🔹 Short Entry: $2.00 - $2.05 (On pullbacks)
🎯 Targets: $1.98, $1.95, and $1.90
🛑 Stop Loss: $2.12 (Above resistance)
🔸 Breakdown Confirmation:
✅ If $1.98 breaks, expect a move toward $1.90.
✅ If RAY reclaims $2.10, consider exiting shorts.
⚠️ Risk Management:
🔸 Keep SL tight above $2.12 to minimize risk.
🔸 Watch volume & price action for bearish continuation confirmation.
📉 Overall Bias: Bearish (As long as $2.05 holds as resistance)
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