$RAY /USDC – STRONG BOUNCE FROM EMA(99) SUPPORT
HIGHER LOW STRUCTURE STILL INTACT
BULLISH MOVE POSSIBLE ON BREAK ABOVE $2.04
$RAY pulled back to $2.018 and bounced sharply near the EMA(99) at $2.007. Despite short-term weakness, price is showing resilience with a rebound from key support. A breakout above the $2.046 resistance (EMA25) could open the door to fresh upside.
🟢 Long Setup
Entry: $2.030 – $2.040
Take Profit: $2.09
Stop Loss: $2.005
Market Outlook:
Momentum favors bulls as long as $RAY holds above $2.00. A reclaim of 25 EMA would confirm a short-term trend reversal.