$RAY USDT BEARISH FADE AFTER SHARP SPIKE — SHORTS EYE THE EXHAUSTION
$RAY USDT shows signs of bull exhaustion with lower highs and persistent red candles. The initial parabolic move was likely driven by a short squeeze or news catalyst, but the price is now retracing and consolidating around $2.30, signaling weakening momentum.
Trade Setup: Short Trade Signal 🔴
Entry Point: $2.31 - $2.34
Stop Loss: $2.43
Take Profit Targets:
TP1: $2.20
TP2: $2.08
TP3: $1.98
Margin: 2-3% of wallet
Leverage: 10x
Market Outlook:
Short-term bearish pressure may persist unless bulls reclaim the $2.50 zone with volume. Watch for breakdowns below $2.28 as confirmation of downside continuation.
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