Token Name: $RAY /USDT – Big Move Ahead?
Current price is trading around 0.581 USDT, reflecting a +5.83% gain in the last 24 hours. After pushing toward the 0.615 high, price faced strong rejection and corrected sharply to the 0.576 support zone, where a short-term bounce is now forming.
On the 1H structure (intraday view from the 15m chart), we can see buyers attempting to defend the 0.576–0.580 region. A potential higher low may form if price holds above 0.575. However, momentum remains fragile, and bulls need to reclaim nearby resistance to confirm recovery.
The key resistance zone to watch is 0.595–0.600. A sustained breakout above this area with strong volume could shift short-term structure back to bullish continuation.
Trade Setup
• Entry Zone: 0.578 – 0.585
• Target 1: 0.595
• Target 2: 0.605
• Target 3: 0.620
• Stop Loss: 0.569
If the breakout level is taken with solid volume confirmation, price can expand toward the previous high zone and potentially beyond. However, losing 0.575 support would weaken the setup and increase downside pressure.
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