$RAY

📊 RAY/USDT Technical Analysis: Key Levels in Focus! 📊

The RAY/USDT pair is currently trading at $5.055, showing a solid price action as it navigates crucial support and resistance zones. Traders should keep an eye on these key levels for potential breakout or pullback opportunities.

🔑 Key Levels to Watch:

Resistance: Immediate resistance is at $5.20, a level where price has recently encountered selling pressure. A breakout above this could push RAY toward $5.50 and possibly $5.80.

Support: Strong support lies at $4.90, a crucial level where buyers have previously stepped in. A drop below this could lead to further downside toward $4.70 or $4.50.

🎯 Entry Strategy:

Bullish Breakout: Enter above $5.20 with confirmation, targeting $5.50 and $5.80.

Support Bounce: Consider buying near $4.90 if the price retraces, aiming for a potential rebound back to resistance levels.

⚠️ Risk Management:

Place a stop-loss just below $4.85 to minimize downside risk.

With RAY at a crucial juncture, traders should be prepared for potential volatility. Will the bulls break through resistance, or will bears test support again? 🚀 RAY is one to watch closely—opportunities could be on the horizon! 🚀

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