Key Chart Insights (4H)
Support zone: $3.02 – $3.06
Resistance zone: $3.50 – $3.53
Previous local top: $3.527
Major bounce level: $2.703
Strong recent breakout candle, now showing consolidation near $3.36.
Market Sentiment:
Order book:
Buyers: 46.28%
Sellers: 53.72%
→ Mild selling pressure currently
Momentum:
Strong bullish move from $3.03 to $3.50. Retraced slightly and now holding above $3.36.
Outlook:
If RAY can break and close above $3.53, the next short-term leg could target $3.80+.
However, failure to hold above $3.30 could bring a retest of $3.05 area.
