🚀 $RAY Analysis – Breakout Alert! 🔥

$RAY has successfully broken out of its consolidation zone, signaling bullish momentum on the 4H chart. The price has moved above the $4.80 resistance, with strong buying pressure pushing it towards the key 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:

1️⃣ Breakout Entry: Enter above $5.00, targeting $5.20-$5.50.

2️⃣ Pullback Entry: Buy around $4.60 if the price retraces, with a target of $5.00 again.

Risk Management:

Stop-Loss: Below $4.60 for long positions.

With increasing volume and solid upward momentum, $RAY is poised for further gains if it stays above $5.00. Watch for breakout confirmation and trade carefully!

#MarketRebound #Write2Earn!