🚨 $RAY /USDT ALERT: Recovery Underway After Support Test! 🚨
$RAY is currently trading at 5.014, up 2.14% in the past 24 hours. The price dropped to a low of 4.884 before rebounding, indicating buyers stepping in at lower levels. The recovery from support suggests potential upward momentum if resistance levels are tested and cleared.
Trade Setup:
Entry Price: 5.014
Resistance Levels:
Target 1: 5.100
Target 2: 5.200
Target 3: 5.337
Support Levels:
First Support: 4.950
Second Support: 4.880
Stop Loss: 4.850
Caution:
The market shows signs of recovery, but a failure to break above 5.100 could lead to further consolidation or a retest of support. Monitor the price action closely, as a breakout above resistance could spark bullish momentum. Use tight stop-losses to mitigate risk.
