Golden opportunity for quick profit? Coin $RAY is about to drop!
Technical analysis for RAY/USDT – 2-hour timeframe:
Recent movements on the chart indicate the beginning of a downward correction wave after a strong rise. A clear break below the 5EMA average with high selling momentum and RSI falling below 40.
Futures trading strategy (Short):
Entry point: 2.38 – 2.40
Stop loss: 2.46 (above the last peak to avoid being stopped out)
First target: 2.30
Second target: 2.22
Risk/Reward ratio: 2:1
Quick notes:
Additional confirmation of the drop if 2.34 is broken
MACD and RSI support the downward trend
Trading volume is decreasing, reinforcing the idea of a price correction
Discussion question:
Do you expect a near-term rebound for RAY? Or is the drop just beginning? Share your analysis with me 👇