RAY/USDT Technical Analysis and Trade Signal
Current Price: $4.974 (up +9.51% in 24 hours)
Trend: Bullish momentum in the short term.
Key Indicators:
24h High: $5.014
24h Low: $4.375
SAR (Parabolic SAR): 4.763 (bullish signal)
Depth: 5.043 (strong buy support)
Binance Price: $4.627 (down by -4.447% — potential for price correction)
Trade Signal:
Entry Point: Buy around $4.95 - $4.97.
Target Levels 🎯:
1. First Target: $5.10 (previous resistance zone)
2. Second Target: $5.30 (next potential resistance level)
3. Third Target: $5.50 (psychological resistance level)
Trade Momentum:
Bullish Momentum: The recent price increase suggests strong buying interest. Momentum indicators like SAR and depth suggest further upside potential.
Stop Loss: Place a stop at $4.80 to manage risk in case of reversal.
This setup focuses on capturing gains as RAY continues its bullish trend, with targets based on recent highs and support levels. Always monitor market conditions for potential adjustments.
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