๐ฅ$RAY Ready to Fly? Bulls Defend Key Support Zone Strongly๐
๐ Timeframe: 15min & 4H
๐ Price: $2.147 (+2.63%)
๐ Technical Breakdown:
๐น 15-Min Chart:๐
$RAY saw a healthy pullback after a short-term rally, testing dynamic support at the 50 EMA ($2.139). Buyers stepped in quickly, defending the zone with momentum cooling on RSI to 60.75. If support holds, a quick move toward $2.160โ$2.18 is expected.
๐น 4H Chart:๐
A strong bullish structure is forming.$RAY Price broke above the 200 EMA ($2.096) and is consolidating just below resistance at $2.255. RSI sits at 66.09โstrong, but not overheated. Trend favors continuation if $2.096 stays unbroken.
๐ฏ Key Levels:๐
Support: $2.139 / $2.096
Target: $2.180 โ $2.255
Stop-loss for longs: Below $2.096
๐ Strategy Insight:
Ideal setup for dip buyers. Bullish momentum is buildingโwatch for a breakout above $2.18 to trigger fresh upside.
๐ข
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