📉 $RAY /USDT – Bearish Setup Developing

$RAY is trading at 3.854 after facing a sharp rejection near the 4.00–4.02 resistance zone. The strong red candle shows selling pressure stepping in, hinting at a possible retracement if bulls fail to defend immediate support levels.

🔑 Key Levels:

🚫 Resistance: 4.00 – 4.05

📉 Support: 3.80 – 3.75

⚠️ Breakdown Trigger: Below 3.80

📊 Bearish Trade Setup:

Entry Zone: 3.85 – 3.90

🎯 Target 1: 3.78

🎯 Target 2: 3.72

🎯 Target 3: 3.65

🛑 Stop Loss: Above 4.05

💡 Pro Tip: If price spikes again near 4.00 but fails to close above it, that could provide an excellent re-entry for shorts with a safer risk/reward setup.