Yello, Paradisers! Are we about to witness a significant downturn for #RAYUSDT? Let's break down the current situation.
💎#RAY has broken through the ascending channel support, signaling a potential shift towards bearish momentum. The price has recently dipped below key levels, hinting at a possible upward retest to the supply zone between $1.57 and $1.70 before continuing its downward trajectory.
💎The first target to watch is the strong support area. This zone is crucial for
RAY; if the price breaks down below this level, we could see a significant downturn with the highest probability of reaching our final target in the demand area around $0.94.
💎However, IfRAY manages to reclaim the price above the ascending channel support and breaks the resistance at $1.96, this would invalidate the bearish momentum. In that case, the price could potentially continue its upward movement.
Stay sharp, traders, and keep these critical levels in mind as you navigate the market.
MyCryptoParadise
iFeel the success🌴
💎#RAY has broken through the ascending channel support, signaling a potential shift towards bearish momentum. The price has recently dipped below key levels, hinting at a possible upward retest to the supply zone between $1.57 and $1.70 before continuing its downward trajectory.
💎The first target to watch is the strong support area. This zone is crucial for
RAY; if the price breaks down below this level, we could see a significant downturn with the highest probability of reaching our final target in the demand area around $0.94.💎However, If
RAY manages to reclaim the price above the ascending channel support and breaks the resistance at $1.96, this would invalidate the bearish momentum. In that case, the price could potentially continue its upward movement.Stay sharp, traders, and keep these critical levels in mind as you navigate the market.
MyCryptoParadise
iFeel the success🌴
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✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Want to trade like a PRO without the 15+ year learning curve?
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.