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Is a Bearish Breakdown Loading in #Ray
After failing to sustain gains at 2.267, #RAYUSDT is currently printing lower highs and displaying a bearish engulfing near 2.07. Fading volume and weak bounces suggest more declines are coming.
Short Trade Setup:
Admission: 2.053
Take First Profit: 2.01
Second Profit: 1.95
Stop Loss: 2.09
Forecast for the Market:
With the RSI confirming bearish divergence, momentum is rapidly ebbing. A deeper decline could be possible if the candle closes below 2.04; keep an eye out for seller follow-through!
