$RAY

/USDT Technical Analysis:

Current Price: $4.795 (+9.15% change)

24h High: $4.848

24h Low: $4.138

Trend: Bullish momentum, showing a significant +9.15% increase in 24 hours.

Technical Indicators:

RSI: Indicates bullish sentiment, though caution should be maintained if it reaches overbought levels (70+).

MACD: The MACD is likely showing positive momentum with a widening gap between the MACD line and signal line.

Volume: Significant trading volume (16.59M USDT in 24h) confirms strength in the current price action.

Support and Resistance Levels:

Support: $4.138 (24h Low), $4.415 (near short-term support)

Resistance: $4.848 (24h High), potential breakthrough at $4.880

Trade Signal:

Buy Signal: Current bullish momentum signals an entry near $4.795 with targets at the following key levels:

Target Levels 🎯:

1. Target 1: $4.848 (Previous High)

2. Target 2: $4.880 (Potential resistance zone)

3. Target 3: $5.00 (Psychological resistance point, if uptrend continues)

Momentum: The positive trend is supported by volume and price action, with potential for further upward movement if buyers sustain momentum. Set stop-loss at around $4.60 to protect against a reversal.

Let me know if you'd like more specific adjustments or deeper insights on risk management!

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