📊 $RAY /USDT Technical Analysis: Trade Strategy Insights!🔥💯

Key Support & Resistance Levels:

Resistance: $5.55–$5.60 (highlighted by the purple zone, showing strong selling pressure).

Support: $5.40–$5.45 (consistent buying activity observed here).

Current Trend & Market Move: The price is consolidating near resistance after failing to break above. This suggests a potential for a bullish breakout, but confirmation is essential. If the price is rejected at resistance, expect a bearish pullback to retest the $5.40 support.

Trading Strategy:

Long Entry: Above $5.60 (on breakout confirmation).

Target 1: $5.75

Target 2: $5.90

Stop Loss: $5.45

Short Entry: Below $5.40 (on breakdown).

Target 1: $5.25

Target 2: $5.10

Stop Loss: $5.55

Conclusion: Keep an eye on price action around these key levels for breakout or breakdown signals. A bullish breakout supports the recent uptrend, while failure to breach resistance could trigger a short-term bearish market. Always manage your risk!

Current Price: $5.342 (+1.11%)

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