📊 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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