$RAY

/USDT Technical Analysis🔥🔥💯

Current Price: $5.25 (Up +5.63%)

24h Range: $4.892 - $5.381

Support Level: $4.892

Resistance Level: $5.381

Trend & Momentum

Momentum: Bullish, with a recent price increase (+5.63%) indicating positive market sentiment.

Indicators: Short-term uptrend is clear. RSI (Relative Strength Index) might suggest overbought conditions, so be cautious of a pullback.

Trade Signal

Entry: Buy near $5.25 (Current price).

Stop Loss: Below $4.80 for risk management.

Target Levels (Take Profits):

1. Target 1: $5.40 – Near the previous resistance level.

2. Target 2: $5.55 – A potential extension based on bullish momentum.

3. Target 3: $5.70 – If market conditions support an extended rally.

Trade Momentum

The bullish momentum is strong, but traders should be mindful of resistance at $5.38. If the price tests this level and holds, it might provide additional confirmation for further upside movement.

Consider monitoring the market closely to avoid overextension and implement the stop loss accordingly for risk management.

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