$RAY PAUSES AFTER A POWERFUL RUN – READY TO RELOAD OR RETREAT?
$RAY is trading at $3.569, showing a strong +12.84% daily gain. However, after hitting a high of $3.866, it’s now pulling back toward key support. Price is consolidating—next move will reveal the short-term direction.
Key Levels to Watch
Resistance Zones:
• $3.620 – Immediate resistance
• $3.710 – Minor supply from previous rejection
• $3.830 – Strong barrier near the top of the recent move
Support Zones:
• $3.560 – Local base and current hold
• $3.500 – Psychological and structural support
• $3.098 – 24H low and major downside zone
Trade Setup – Momentum Cooling, Eyes on Breakout or Breakdown
Bullish Entry:
Break and close above $3.620 could open up targets:
• TP1: $3.710
• TP2: $3.830
Bearish Entry:
Drop below $3.560 may lead to deeper pullbacks:
• TP1: $3.500
• TP2: $3.390
Stop-Loss:
• Longs: Below $3.545
• Shorts: Above $3.625
$RAY had an explosive move earlier but is now cooling off just above support
