$RAY $RAY The $RAY /USDT pair is currently trading at $3.189, up 2.74% in the last 24 hours. The chart shows a bullish trend with a potential for further upside.
Key Support and Resistance Levels
Support: The immediate support level is at $2.992, which is the 24-hour low. A break below this level could signal a bearish reversal.
Resistance: The first resistance level is at $3.312, which is the 24-hour high. A break above this level could open the door to further gains.
Entry Signal
A potential entry signal could be a breakout above the $3.312 resistance level. This could trigger a move towards the next resistance level at $3.667.
Trading Strategy
Buy: If the price breaks above $3.312, a long position can be initiated with a stop-loss below $2.992 and a take-profit target at $3.667.
Sell: A sell signal is not evident at this time.
Additional Considerations
Volume: The 24-hour trading volume is 29.60M, which is relatively low. A higher volume could indicate stronger bullish or bearish momentum.
Moving Averages: The 7-day, 25-day, and 99-day moving averages are all below the current price, indicating a bullish trend.#BinanceBlockchainWeek #16thBTCWhitePaperAnniv #USPCEExceeds #USADPSurges #Write2Earn!