šØ $RAY/USDT Short Trade Setup š„šÆ
Current Price: $5.437
Bearish Opportunity Alert!
Weāre seeing promising short potential for $RAY in the current market setup. Hereās the breakdown:
Entry Range: $5.400 ā $5.550
Stop Loss: $5.750
Target Levels:
Target 1: $5.250
Target 2: $5.100
Target 3: $4.900
Market Analysis:
is encountering strong resistance near the $5.550 - $5.750 zone, with multiple rejection signals confirming the bearish momentum. Sellers are stepping in decisively at these levels, causing downward pressure.
If the price breaks below the key $5.400 level, the selling pressure could intensify, accelerating the drop towards our target levels. This setup is highly favorable for a short position.
Entry Tip:
Wait for confirmation: Look for a confirmed breakdown below $5.400 before entering your short position. A retest of this level followed by a rejection would further solidify the bearish momentum and improve the trade setup.
Risk Management:
Always ensure youāre practicing proper risk management by using appropriate position sizing and maintaining a strict stop-loss strategy. Protect your capital!
With careful execution, this short trade could be a great opportunity for profit in the current market climate. Stay sharp, and good luck! š