$RAY /USDT Technical Analysis Report

Current Price: $2.684

24H Change: +16.75%

Technical Overview:

$RAY /USDT has shown a +16.75% price increase, reflecting strong bullish momentum. The price is currently near its 24-hour high of $2.699, after a strong upward movement. Significant volume spikes indicate that buyers are in control, and the price is approaching resistance zones, as shown in the chart.

Key Levels to Watch:

Immediate Resistance: $2.700 (local top and psychological level)

Immediate Support: $2.650

Major Support: $2.550 (highlighted support zone on the chart)

Short-Term Trade Setup (15-Min Chart)

1. Long Entry Strategy:

Entry Range: $2.650 - $2.670 (support level)

Stop Loss: $2.620 (below recent swing low)

Take Profit 1: $2.700 (immediate resistance)

Take Profit 2: $2.750 (next resistance after breakout)

Rationale: The price is consolidating just below $2.700, a key resistance level. A slight pullback to the $2.650 - $2.670 zone presents a good opportunity for a long entry. If the price breaks through $2.700, it could move to higher targets, such as $2.750. The current uptrend and volume support this move.

2. Short Entry Strategy:

Entry Range: $2.700 - $2.710 (if price faces rejection)

Stop Loss: $2.750 (above breakout level)

Take Profit 1: $2.650 (support level)

Take Profit 2: $2.600 (deeper retracement level)

Rationale: If $RAY /USDT tests $2.700 but fails to break through, a short position can be taken with a target back down to $2.650 and potentially $2.600 if selling pressure increases. The failure to break through this key level may signal profit-taking and lead to a price drop.

#ScrollOnBinance #CMEBTCFuturesRecordHigh #SECApprovesBitcoinETFOptions #CMEBTCFuturesRecordHigh #Write2Earn!