đ $RAY Analysis â Breakout Alert! đ„
$RAY has broken out of its consolidation zone, confirming bullish momentum on the 4H chart. The price has surged above the $4.80 resistance zone, and strong buying pressure is pushing it closer to the psychological level of $5.00.
Key Levels to Watch:
Immediate Resistance: $5.00
Major Resistance: $5.20
Support Levels: $4.60 and $4.40
Next Target Levels:
Bullish Target: $5.20 and $5.50
Bearish Support: $4.40
Trading Strategy:
1ïžâŁ Breakout Entry: Enter above $5.00 for a target of $5.20-$5.50.
2ïžâŁ Pullback Entry: Buy near $4.60 if price retraces, targeting $5.00 again.
Risk Management:
Stop-Loss: Below $4.60 for long positions.
With increasing volume and strong upward momentum, RAY is set for further gains if it sustains above $5.00. Watch for breakout confirmation and trade wisely!
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