The $RAY /USDT 15-minute chart shows a recent bullish momentum, with the current price at 4.676, up by 21.93% in the past 24 hours. The price previously hit a high of 5.066 before experiencing some consolidation.
For traders looking for an entry, a suitable point would be around 4.670 to leverage any potential upward movement.
The immediate resistance level is at 4.800, with further profit targets set at 4.900 (TP1), 5.000 (TP2), and 5.050 (TP3). On the downside, support is located at 4.500, acting as a critical level to watch. To manage risk, a stop-loss (SL) can be positioned at 4.450, just below the support.
This strategy enables traders to participate in potential bullish runs while safeguarding against possible price pullbacks.
