Entry Price: $2.43
Take-Profit Levels:
Target 1 (TP1): $2.52
Target 2 (TP2): $2.60
Final Target: $2.65
Stop-Loss: $2.29
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Why Go Long on RAY?
The RAY/USDT pair is currently showing a strong bullish reversal after a recent drop to the $2.197 support level. Since that dip, price action has been steadily recovering with buyers stepping in aggressively. This recovery is not just a short bounce—it is forming a classic bullish structure on the chart, supported by higher lows, a steady rise in volume, and a clear shift in momentum.
At the time of this setup, the price has reclaimed the important $2.43 level, which had previously acted as a resistance. Reclaiming this zone and holding above it shows that bulls are not only back in control but are also preparing for a potential breakout move in the short to mid term.
Technical Breakdown:
Trend Shift: The market structure has flipped from bearish to bullish, with a clear trendline breakout and back-to-back green candles on the 4H and 1D charts.
Support Zone: $2.29 is the critical support area and stop-loss level for this trade. This area has acted as a strong accumulation zone in the past and should hold if momentum continues.
Bullish Indicators: Momentum oscillators like RSI and MACD are starting to turn in favor of the bulls. The RSI is climbing above 50, and the MACD is printing a fresh bullish crossover.
Breakout Watch: A clean breakout and close above $2.45 could open the gates for a rapid move toward $2.52 (TP1), followed by $2.60 (TP2). If bullish momentum continues, the final target at $2.65 is highly achievable.
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Risk Management Strategy:
Managing risk is critical in any trade. Here’s how you can protect your capital while maximizing your gains:
Initial Stop-Loss: Place your SL at $2.29, just below the recent consolidation zone.
Trail Your Stop: Once TP1 ($2.52) is reached, consider moving your stop-loss closer to your entry point or just above breakeven to lock in partial profits and reduce risk exposure.
Scaling Out: You may choose to secure profits gradually—exit part of your position at each target level, allowing the remaining position to ride the trend.
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Conclusion:
RAY is currently offering a favorable long opportunity based on both technical signals and price action. The reversal from $2.197, reclaiming of key resistance, and steady bullish momentum all point toward a short-term bullish phase. As long as the price remains above the $2.40 zone, this setup remains valid.
A successful breakout above $2.45 can accelerate the move, and traders could see the price hitting the final target of $2.65 in the coming sessions.
Keep an eye on volume spikes and resistance zones, and manage your trade wisely. This setup has the potential to deliver a solid risk-reward ratio.
#Ray #noobtoprotrader $RAY