$RAY

📊 RAY/USDT Technical Analysis: Consolidation Before the Breakout?

RAY is trading at $5.237, hovering near a critical resistance level as traders anticipate the next significant move. Here's a detailed breakdown:

💡 Support & Resistance Levels:

Key Support: $5.100 – This level serves as a strong floor for bulls to maintain upward momentum.

Key Resistance: $5.300 – A breakout above this level could open the door for a bullish rally.

🔥 Technical Outlook:

RAY is trading in a consolidation phase, with lower volatility suggesting a buildup for a potential breakout.

A sustained move above $5.300 could push the price toward higher targets, while failure to hold $5.100 may trigger a retracement.

📈 Entry Strategy:

Bullish Play: Enter above $5.300 with targets at $5.500–$5.700. Place a stop-loss at $5.200.

Bearish Play: Short below $5.100, aiming for $4.900–$4.800. Stop-loss at $5.200.

🛡️ Pro Tip: Watch volume for breakout confirmation—it’s a reliable indicator for directional strength. Stick to tight risk management to protect your capital! 🚀

RAY is building momentum—stay vigilant for the next big opportunity!

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