$RAY

/USDT Technical Analysis and Trade Signals🚀🎯

Current Price: $5.69

Trend: Bullish (supported by SAR and Bollinger Band behavior)

Technical Indicators Analysis

1. Bollinger Bands:

Price nearing the upper band ($5.704), indicating potential resistance. A breakout above this level could strengthen bullish momentum.

2. SAR:

Current SAR value at $5.426 is below the price, confirming an active uptrend. Reversal risk appears low unless price dips below $5.426.

3. Momentum: Positive with a 2.84% price increase and strong 24h volume.

Trade Momentum

Momentum: Bullish

Risk Zone: Below $5.426

Resistance Levels:

Immediate Resistance: $5.704 (upper Bollinger Band)

Key Resistance: $5.836 (24h high)

Support Levels:

Key Support: $5.553 (Bollinger middle band)

Critical Support: $5.426 (SAR)

Trade Signals

1. Entry Zone:

Buy near $5.55-$5.60 if retracement occurs.

Alternatively, buy breakout above $5.704 for momentum-driven trades.

2. Target Levels 🎯:

Target 1: $5.75 (near the immediate resistance zone, take partial profit)

Target 2: $5.83 (24h high, crucial profit zone)

Target 3: $6.00 (psychological level if momentum persists)

3. Stop-Loss:

Place at $5.40 (below SAR and lower Bollinger Band) to manage risk.

Strategy Summary

Bullish Bias: If the price sustains above $5.704, momentum is likely to carry toward $5.83 and possibly $6.00.

Risk Management: Watch for retracement near $5.553. A break below $5.426 would indicate a trend reversal.

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