$RAY /USDT is currently trading at 4.869 on the 15-minute chart, reflecting a significant 30.92% increase. The chart shows strong momentum, with a recent peak at 5.066, marking an important resistance level to monitor for potential upward movement.
A breakout above this resistance could signal further gains. Key support is noted at 4.670, which is essential for maintaining the current bullish trend. The RSI is at 57.98, indicating that there is still room for upward movement before reaching overbought conditions.
A strategic entry point would be between 4.860 and 4.880 to capture potential upward momentum. Take-profit targets can be set at 5.000 (TP1), 5.050 (TP2), and 5.100 (TP3) for gradual exits.
To manage risk effectively, a stop-loss should be positioned below the support at 4.620. This trading plan ensures a balanced approach between potential profit-taking and risk management.
