🔮 $RAY | Extreme Oversold Zone ⚠

Bounce Incoming or More Pain Ahead?

$RAY has dumped hard and is now sitting on a major demand zone.

Multiple timeframes are flashing EXTREME OVERSOLD signals.

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📉 What Charts Are Saying (15M ‱ 1H ‱ 4H ‱ 1D)

‱ Price hugging lower Bollinger Band across TFs

‱ RSI(6):

  15M → ~19

  1H → ~8

  4H → ~9

  1D → ~22

‱ Heavy sell volume → possible seller exhaustion

‱ Key support holding near $0.96–0.95

👉 Relief bounce possible, but trend still bearish below resistance.

🧠 Key Levels

🟱 Support

‱ $0.96 – $0.95 (critical)

‱ $0.92 (last support)

🔮 Resistance

‱ $1.02 – $1.04

‱ $1.08 – $1.12 (trend shift zone)

🎯 Trade Setup (Spot / Futures)

✅ Bounce Play (Low Risk)

‱ Buy: $0.96 – $0.97

‱ SL: $0.93

‱ Targets: $1.02 → $1.06

⚡ Scalping Play (High Risk)

‱ Entry only after 15M bullish close above $0.98

‱ SL: $0.95

‱ TP: $1.00 – $1.03

đŸ”» Breakdown Play

‱ Short below $0.95 (with volume)

‱ SL: $0.98

‱ TP: $0.92 → $0.88

📌 Final View

Oversold bounce is possible, but trend reversal of $RAY only above $1.08.

🚹Trade levels, not emotions.

⚠ Not financial advice. Manage risk. Use stop-loss.

🔖 Hashtags

#RAY #RAYUSDT #CryptoAnalysis #altcoins #BinanceSquare