the $RAY /USDT chart with support and resistance levels and an entry signal:

RAY/USDT Analysis

Support and Resistance:

Strong Support: 4.744

Weak Support: 4.023

Strong Resistance: 6.300

Weak Resistance: 6.414

Entry Signal:

A potential long entry could be considered around the 4.744 support level. This level has held multiple times in the past, suggesting it might provide strong support again. However, it's important to exercise caution as the market is currently in a downtrend.

Additional Considerations:

Bollinger Bands: The current price is above the lower Bollinger Band, indicating potential oversold conditions. This might signal a potential reversal to the upside.

RSI: The Relative Strength Index (RSI) is currently below 50, suggesting bearish momentum. However, it's showing signs of bottoming out, which could signal an impending bullish reversal.

Disclaimer:

This analysis is for educational purposes only and should not be considered financial advice. Always conduct your own research or consult with a financial advisor before making investment decisions.

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