📊 $RAY /USDT Technical Analysis: Trade Strategy Insights!🔥💯

Key Support & Resistance Levels:

• Resistance: $5.55–$5.60 (marked by the purple zone, showing strong selling pressure).

• Support: $5.40–$5.45 (buyers consistently stepping in here).

Current Trend & Market Move:

The price is consolidating near the resistance after failing to break above. The pattern indicates potential for a bullish breakout, but confirmation is key. If rejected, expect a bearish pullback to retest the $5.40 support.

Trading Strategy:

• Long Entry: Above $5.60 (on breakout confirmation).

• Target 1: $5.75

• Target 2: $5.90

• Stop Loss: $5.45

• Short Entry: Below $5.40 (on breakdown).

• Target 1: $5.25

• Target 2: $5.10

• Stop Loss: $5.55

Conclusion: Monitor price action near key levels for breakout or breakdown signals. A bullish breakout aligns with the recent uptrend, while failure to break resistance could turn the market bearish in the short term. Always manage risk!

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