$RAY / USDT On the Move! Quick Gains Ahead!๐ŸŽ

Current Price: $5.082 (-1.26%)

๐Ÿ”Ž Performance Overview:

4-Hour Chart Trend:
The market is witnessing bearish pressure, with a notable decline in price. Sellers are in control, but there is some buying interest near lower levels.

๐Ÿ“‰ Technical Analysis:

Key Levels:

Support Zone: Around $5.000Resistance Zone: Near $5.400 and $5.800

Price Action:

Continuous red candles indicate sustained selling activity.A wick at the lower end suggests buyers are attempting to stabilize the price.

Market Sentiment:

Bearish short-term trend as the price breaks below key support areas.Buyers may look for a bounce near the $5.00 level, which acts as a psychological support.

๐ŸŒ Insights & Strategy:

RAY has shown strong volatility, presenting potential opportunities for both scalpers and swing traders.Watch for a breakout above $5.400 for a bullish recovery or a breakdown below $5.000 for further downside movement.

๐Ÿ’ฌ Discussion:
Whatโ€™s your strategy for trading $RAY / USDT during this downtrend? Are you looking for a long-term buy opportunity or trading the volatility? Share your insights!

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