🚨 $RAY Update – Potential Reversal or More Pain? 🚨
RAY is trading at $1.92, down -5.82% on the day and printing a fresh low at $1.913, touching key demand territory 📉.
📉 RSI Alert:
RSI(6) is 31.8, approaching oversold conditions but not quite there yet.
⚠️ There's room for more downside before we see a strong bounce.
That said, a bullish divergence is forming — while price made new lows, RSI is holding higher lows 🌀 → early sign of weakening bearish momentum.
📊 Long Trade Setup (Swing Position):
🎯 Entry: $1.90 - $1.85 zone (wait for a sweep or double bottom confirmation)
🛡 Stop Loss: $1.78
🎯 TP1: $2.16 (local resistance)
🎯 TP2: $2.48 (gap fill wick zone)
🎯 TP3: $2.80+ for extended rally if bulls regain strength
🧠 Reminder: We are still in a downtrend, so manage risk strictly. Watch RSI closely – if it dips further and then reverses, that could be the spark for a stronger move 💥
🔄 Stay patient. Bottoms form when most give up.
➡️ buy and trade here on $RAY
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