The $RAY /USDT pair on the 15-minute chart is reflecting a positive trend with a 10.76% increase, positioning its current price at 4.766.
The asset reached a 24-hour high of 5.066 and a low of 4.143, signifying substantial intraday volatility. Resistance is clearly marked at 5.066, where breaking past this point could drive further bullish movement.
On the other hand, support sits at 4.588, acting as a critical level to cushion against potential retracements. A prudent entry point would be around 4.780 to leverage upward momentum. Take-profit (TP) targets should be considered at 4.900 (TP1), 5.000 (TP2), and 5.100 (TP3) for incremental gains.
To safeguard the trade, a stop-loss (SL) at 4.550 is advisable to limit potential losses if the price retraces significantly below the support level.
