$RAY /USDT – Short Trade Setup

RAY is trading at $3.763 (+2.87%) after failing to hold gains near the $4.117 resistance. The recent rejection and increased selling pressure suggest potential for a pullback toward lower support levels.

Trade Setup (Short):

Entry: $3.760 – $3.780

Take Profit 1: $3.710

Take Profit 2: $3.660

Take Profit 3: $3.600

Stop Loss: $3.820

Market Insight: With 19.20M RAY traded in the last 24h and the price facing heavy resistance near $4.12, momentum is shifting in favor of sellers. A break below $3.71 could accelerate the move toward $3.60 support.