$RAY USDT – BEARISH BIAS PERSISTS BELOW MOVING AVERAGES
REJECTED FROM 99 MA NEAR $2.178
STRUGGLING BELOW 25 MA AND 7 MA
$RAY USDT is trading in a weak structure after a failed rebound attempt. Price was rejected near the 99 MA ($2.178) and is now hovering below the 25 MA ($2.167) and 7 MA ($2.145). The minor bounce from $2.128 lacks strong volume, signaling continued bearish pressure unless a breakout above the MAs occurs.
A breakdown below $2.128 could accelerate losses.
Short Trade Setup
Entry: $2.140
Targets: $2.120 / $2.095
Stop Loss: $2.170
Failure to reclaim MAs keeps sellers in control. Monitor for breakdown confirmation.
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