$RAY/USDT ā BEARS GRIP TIGHTENS š»
$RAY is under strong selling pressure, currently trading at $2.040 (-4.18%) on the 4H timeframe. The price rejected from the 2.543 high and continues to slide beneath all major moving averages (MA-7, MA-25, MA-99), confirming a strong bearish momentum.
Technical Breakdown:
š“ Trend: Bearish
š MA-7 < MA-25 < MA-99 ā confirms sustained downtrend
š Lower highs & lower lows forming continuously
š£ 24H Range: $2.036 ā $2.136
Trade Setup (Short Bias):
Entry Zone: $2.050 ā $2.070
Take Profit 1: $2.000
Take Profit 2: $1.920
Stop Loss: $2.145 (above MA-25 and recent swing)
ā ļø Break below $2.011 support could trigger another leg down. Best to wait for volume confirmation before entering.
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