๐จ $RAY Setup ๐จ
๐ฏ Targets:
TP1: $3.18 ๐ฏ
TP2: $3.36 ๐ฏ
TP3: $3.44 ๐
๐ Technical Analysis:
$RAY is currently pulling back after reaching $3.38, now testing the $3.00 support zone. A solid retest here could signal a bounce, with bullish momentum continuing if $3.05 breaks above resistance. RSI and volume trends are key indicators for this setup.
๐ Key Support/Resistance Zones:
Support at $2.90 โ $3.00 is critical. A strong hold here would favor bulls for a potential rebound. If $2.89 breaks, downside pressure could push towards $2.66.
๐ Volume Insight:
Watch for volume confirmation as price approaches support. A breakout above $3.05 with rising volume could confirm continuation. Conversely, a breakdown below $2.89 with volume may indicate a reversal to the downside.
โ ๏ธ Risk Management Tip:
Use a stop-loss below $2.90 for the bullish scenario. For the bearish case, watch for a break below $2.89, which would confirm the short entry setup. Protect gains with partial profits as targets are hit.
#RAY #cryptosignals #DeFiWatch
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๐ Disclaimer:
This setup is based on my personal analysis and insights from verified, experienced traders I follow. Shared for educational purposes. All trades come with risks, so always use caution and patience in execution.