RAY is currently trading near $1.03, rebounding strongly from the $0.965 low and maintaining upward pressure. Buyers continue to defend key support levels, suggesting a potential move toward higher resistance area
🔵 Key Levels to Watch
Immediate Support: $1.00 – $0.99
A crucial demand zone that’s holding firmly and supporting the current rebound.
Major Support: $0.965
Yesterday’s low and a strong reaction point where buyers stepped in aggressively.
Immediate Resistance: $1.07
A breakout above this level could signal stronger bullish continuation.
Major Resistance Levels: $1.11, $1.15, $1.20
These zones serve as the next upside targets if momentum persists.
📈 Market Structure Overview
RAY is consolidating above the $1.00 support, building a short-term bullish structure. As long as price remains above this level, a move toward $1.07 and higher becomes increasingly likely. A drop back below $1.00 would weaken the current setup.
📊 Trade Setup (Long Scenario – Preferred)
Long Entry: Above $1.07 (breakout + retest confirmation)
TP1: $1.11
TP2: $1.15
TP3: $1.20
Stop-Loss: $0.99
📉 Alternative Short Setup (If Rejected at Resistance)
Short Entry: If price strongly rejects $1.07
TP1: $1.00
TP2: $0.97
Stop-Loss: $1.09
🌟 Final Note
RAY is displaying notable strength, and traders can find solid opportunities by staying disciplined and following structured setups. Stay focused and patient—quality trades come to those who are prepared. 🚀
$RAY @cutiegirl
