⚡ $RAY /USDT — Quick Surge, Now Cooling Down

Price: $2.325

Timeframe: 1H (Hourly)

Change: –1.86%

Current Status: Retracing after a powerful breakout

🧨 Snapshot:

MA 7: $2.302

MA 25: $2.105

MA 99: $2.135

✅ Price is still above all three MAs, signaling short-term bullish momentum — but the last few candles show fading strength.

📉 What Just Happened?

Huge green candle (breakout bar) pushed price above $2.70 briefly.

But there was immediate rejection — a long upper wick signals sellers took profits fast.

Now, we’re seeing back-to-back red candles, forming a mini pullback or potential bull trap.

🧠 What to Watch:
Support Levels:

$2.30 (MA 7): Crucial to hold for short-term continuation.

$2.20 – $2.15: Bounce zone near MA 25 & 99 if correction deepens.

Resistance:

$2.50: Key short-term barrier

$2.70–2.80: Previous spike zone, heavy selling occurred here

🔍 Summary:

The breakout was clean, but the follow-through is shaky. If $2.30 fails, bulls might lose momentum quickly. However, as long as price stays above the MAs, this could be a healthy pullback — not a reversal.

🕵️‍♂️ Watch for consolidation or bullish engulfing candles in the next 2–3 hours. Otherwise, we might revisit the $2.15–2.20 zone before a second leg.

⚠️ DYOR – Do Your Own Research. This is not financial advice. Markets can be volatile — always trade responsibly!