a quick technical analysis and trade signal for the RAY/USDT pair:🔥🔥💯

Technical Analysis:

Current Price: $5.401 (+10.99%)

Trend: Bullish (upward momentum) after breaking above the recent resistance levels.

RSI (Relative Strength Index): Neutral to slightly overbought (above 50 but below 70).

Support: $4.76 (24h Low)

Resistance: $5.48 (24h High)

Moving Averages: Above short-term (50 EMA) and long-term (200 EMA) moving averages, indicating bullish sentiment.

Trade Signal:

Momentum: Bullish continuation expected if price holds above $5.00.

Target Levels:

1. First Target (T1): $5.55 – A resistance point in line with recent high levels.

2. Second Target (T2): $5.80 – Psychological resistance level, watch for a breakout above.

3. Third Target (T3): $6.00 – Higher upside if the trend maintains bullish momentum.

Stop-Loss: Consider placing a stop-loss below $4.75 for risk management.

The market momentum suggests a potential for short-term gains if the bullish trend holds. Keep an eye on price action around key levels like $5.48 and $5.55.

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