$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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