A concise technical analysis and trade signal for RAY/USDT, including three target levels and trade momentum:
Technical Analysis (RAY/USDT)
Current Price: $4.91 (+15.65% in the last 24 hours)
Trend: Bullish momentum, as indicated by the recent upward movement of +15.65%.
Support Level: $4.214 (24h Low), likely to hold in case of retracement.
Resistance Level: $4.930 (24h High), an immediate resistance to watch.
SAR (Stop and Reverse): 4.921, which supports the continuation of the bullish trend.
Trade Signal
Signal: Bullish continuation with a strong upward trend.
Target Levels 🎯:
1. Target 1: $4.95 — Immediate resistance level.
2. Target 2: $5.10 — Next key resistance zone.
3. Target 3: $5.30 — Long-term target with strong upside potential.
Trade Momentum:
The bullish momentum is strong with a 15.65% gain in the last 24 hours and steady volume.
Buy Signal: Enter near $4.91 or slightly lower, aiming for a target of $4.95 or higher.
Stop Loss: Set at $4.60 (below recent support) to manage risk.
This analysis suggests that the market is currently in a strong uptrend, and there is potential for further price action toward the target levels.
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