$RAY $RAY

RAY/USDT: Bullish Momentum Gains Traction, Potential for Further Upside

The RAY/USDT chart is currently displaying a bullish trend. The price has broken above the key resistance level of $4.635, suggesting that a further upward movement is likely. The 24-hour high of $5.066 and the 24-hour low of $4.230 indicate a healthy price range and active trading.

Key Support and Resistance:

* Resistance: The immediate resistance level is now around $5.066, where the price met strong selling pressure previously.

* Support: The broken resistance level of $4.635 could now act as a strong support level.

Entry Strategy:

For cautious traders, waiting for a slight pullback to the $4.635 support level could offer a low-risk entry point to go long on RAY. This would allow traders to capitalize on further potential upside. However, for more aggressive traders, a direct entry at the current price could be considered, with a stop-loss placed below the recent low.

If the bullish momentum persists, RAY could potentially reach new highs. However, it's important to monitor market developments closely, as the price action could shift rapidly. Stay tuned for further updates!

Please note that this is not financial advice. Always do your own research or consult with a financial advisor before making investment decisions.

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