$RAY – Ready to Bounce or Breakdown? Watch Closely! 🔍

$RAY just tapped a key demand zone near $3.38 after a sharp pullback, and bulls are attempting a recovery. This area previously acted as strong support, and now price is showing early signs of reversal. If momentum builds, we could see a run back toward the $3.51 resistance!

But caution: failure to hold above this reclaimed zone could invite further downside toward $3.30 and beyond. Price action around $3.38–$3.40 is crucial right now!

Trade Setup:

Entry: $3.38 – $3.39

TP1: $3.45

TP2: $3.51

TP3: $3.58

SL: $3.30

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