$RAY
/USDT: Steady Trend with Potential for Rebound ๐๐
Current Price: 5.152 USDT (-0.62% in 24h)
Momentum: Neutral to Bearish
Trade Strategy
Bullish Setup:
Buy: Around 5.150
Targets:
๐ฏ 5.250 (Short-term resistance)
๐ฏ 5.300 (Next resistance zone)
๐ฏ 5.400 (24h High)
Stop-Loss: Below 5.000
Bearish Setup:
Short: If price falls below 5.000
Targets:
๐ฏ 4.900
๐ฏ 4.800 (24h Low)
Stop-Loss: Above 5.250
Watch Out:
RSI: Check for overbought (>70) conditions if the price nears resistance.
MACD: Monitor for bearish signals to confirm downward momentum.
Possibility 1: Bullish Reversal
If the price finds support near 5.000, it could bounce back toward 5.250, 5.300, and possibly test 5.400.
Possibility 2: Continued Downtrend
A break below 5.000 could result in further downside, targeting 4.900 and 4.800.
Monitor the market closely and adjust accordingly based on price action!
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