$RAY – Weak Bounce, More Downside Likely !!📉🔥💯
📊Trade Setup:
🟢Entry Zone: $2.01 – $2.03
🎯Target 1: $2.00
🎯Target 2: $1.975
🔴Stop Loss: Above $2.06
📌 Key Levels:
🔹Resistance: $2.04 / $2.06
🔹Support: $2.00 / $1.98
🔸Breakdown Trigger: Below $2.00
🚨Market Structure:
Breakdown from $2.06 confirmed
Failing to hold minor support at $2.02
Lower highs forming – bearish continuation setup
💡 Market Insight:
Strong rejection at $2.10 and consistent selling pressure suggest downside continuation. Shorting lower highs offers high-probability entries.
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