$RAY *$RAY/USDT: Short Setup Activated After Rejection at $2.10!*
The current price of $RAY/USDT is $2.046, with a 3.91% increase in the last 24 hours. The 24-hour high and low are $2.099 and $1.934, respectively.
*Price Structure Analysis*
- A clean rejection occurred at the local top of $2.099.
- Momentum is slowing down, with back-to-back red candles.
- The $2.04-$2.06 zone has turned into a key resistance area.
*Key Levels and Trade Setup*
- *Resistance:* $2.06 / $2.10
- *Support:* $2.02 / $1.98
- *Breakdown Confirmation:* Below $2.02
- *Short Trade Setup:*
- *Entry Zone:* $2.045 - $2.06
- *Targets:* TP1: $2.02 / TP2: $1.98
- *Stop Loss:* Above $2.10
*Market Insight*
The sharp wick rejection and loss of momentum suggest that bulls are losing strength. A short scalp into the previous demand zone could offer quick gains.
*Pro Tip*
Use the $2.06 wick base as invalidation. If the price can't reclaim it quickly, expect a fade toward $2 or below.
