Market bullishness confirmed at $RAY : Time to ride the momentum! 💯🔥
Current price: $4.914 (+13.20%)
The breakout within the ascending price channel is gaining strength, indicating strong bullish momentum.
Suggested trading strategy:
• Entry point: Current price or on pullback near $4.85.
• Target 1: $5.20
• Target 2: $5.50 (short-term extension)
• Stop loss: $4.70 (below the lower channel trendline)
Lock partial profits at each target level to reduce risk while increasing potential gains. As momentum builds, we may see additional bullish movement beyond the second target.
Always manage your trades responsibly and adjust your stop loss as the price moves in your favor. Watch for volume and resistance near $5.20