$RAY /USDT (Raydium). Here's a well-structured short-term trade setup based on the price action and volume metrics.

📊 RAY/USDT Technical Overview

Current Price: $3.005 (–3.28%)

24h High / Low: $3.382 / $2.998

Volume (RAY): 8.90M

Volume (USDT): 28.31M

MA60: $3.078

MA(5) / MA(10): $3.113 / $3.090

Support: $2.998 – $3.00

Resistance: $3.078 – $3.113 (moving average cluster)

⚡ Trade Setup: Bounce or Breakdown from Critical Support

🟢 Bullish Bounce Setup

Price is holding near $3.00, which is both psychological support and the 24h low zone. If it holds, we could get a short-term bounce toward moving averages.

Entry Zone: $3.000 – $3.015

(Look for bullish confirmation on 15m candle – e.g., hammer or bullish engulfing)

Targets:

TP1: $3.05

TP2: $3.08 (MA60)

TP3: $3.11 – $3.12 (MA5 cluster)

Stop-loss: Below $2.98 (clean break of 24h low)

🔴 Bearish Breakdown Setup

If price loses $2.998 support on volume, more downside may follow.

Entry: Below $2.98 (15m breakdown candle with >20K volume)

Targets:

TP1: $2.85

TP2: $2.70

TP3: $2.50 (swing low zone)

Stop-loss: Above $3.02 (recent rejection area)

🧠 Quick Insights:

Multiple short-term MAs are above current price = resistance pressure.

Volume is elevated around lows; this could suggest a flush or trap-reversal.

Strong bounce potential only if it reclaims $3.08 with volume.

Want a quick breakdown of whether momentum is favoring the bulls or bears right now based on 15m RSI and MACD?

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