$RAY /USDT BEARISH RETEST AFTER STRONG SPIKE — REVERSAL PRESSURE BUILDING
$RAY rallied hard to touch $3.37, but recent candles are showing lower highs and clear rejections near that level. Price is now slipping below $3.22, signaling short-term weakness and the potential for a deeper retracement if bulls fail to hold above support.
Trade Setup (Short):
Entry Zone: $3.21 – $3.26
Take Profit (TP): $3.10 / $2.98
Stop Loss (SL): $3.33
Market Outlook:
Sellers are gradually taking control after the impulsive spike. Unless RAY can flip $3.30 into support again, downside risk remains active in the near term with the next support seen around $3.00.
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