📊 RAY/USDT Technical Analysis:

1. Entry Levels:

Long Position (Buy):

Consider entering long positions if the price breaks above the recent resistance level at $14.50.

Confirm this breakout with increasing volume and sustained momentum.

Target initial gains around $16.00 and $18.00.

Short-Term Entry (Aggressive):

Aggressive traders may enter long positions on pullbacks near the 20-day Exponential Moving Average (EMA) at approximately $12.80.

Set a tight stop-loss below the 50-day EMA (around $11.50).

Aim for quick profits near the recent high.

Conservative Entry (Risk-Averse):

Wait for a retracement towards the 50-day EMA or the ascending trendline (around $11.50 - $12.00).

Confirm bullish candlestick patterns or reversal signals before entering.

Target higher timeframes for potential gains.

2. Support Levels:

Immediate support: Around $12.00 (50-day EMA).

Strong support: Near the ascending trendline (around $11.50).

A bounce from these levels could signal further upside.

3.Resistance Areas: Recent resistance: $14.50. Psychological resistance: $15.00. Major resistance: $16.00 and $18.00.

:Remember that trading involves risks, and it's essential to manage your positions carefully. Always adapt your strategy based on real-time market conditions. 🚀📈

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