π Paradisers, #RAY has recently experienced notable market dynamics. Demonstrating a bounce from the support area, RAY has consistently shown resilience at this level, indicating strong support.
π There is potential for the price to continue bouncing as observed in historical patterns and retest the strong resistance area.
π However, if #RAY breaks below the support area, this could signal a bearish development. In such a scenario, the price may continue its downward trajectory toward the demand area, ranging between $1.6 to $1.3.
π It's crucial for price action to confirm a bounce at the demand area and reclaim the price above the support level. Failure to do so could result in further downward movement for #RAY.
π There is potential for the price to continue bouncing as observed in historical patterns and retest the strong resistance area.
π However, if #RAY breaks below the support area, this could signal a bearish development. In such a scenario, the price may continue its downward trajectory toward the demand area, ranging between $1.6 to $1.3.
π It's crucial for price action to confirm a bounce at the demand area and reclaim the price above the support level. Failure to do so could result in further downward movement for #RAY.
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Follow a team of traders with 10+ years of experience?
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