šŸš€ $RAY Analysis ā€“ Breakout Alert! šŸ”„

$RAY has broken out of its consolidation zone, confirming bullish momentum on the 4H chart. The price has surged above the $4.80 resistance zone, and strong buying pressure is pushing it closer to the psychological level of $5.00.

Key Levels to Watch:

Immediate Resistance: $5.00

Major Resistance: $5.20

Support Levels: $4.60 and $4.40

Next Target Levels:

Bullish Target: $5.20 and $5.50

Bearish Support: $4.40

Trading Strategy:

1ļøāƒ£ Breakout Entry: Enter above $5.00 for a target of $5.20-$5.50.

2ļøāƒ£ Pullback Entry: Buy near $4.60 if price retraces, targeting $5.00 again.

Risk Management:

Stop-Loss: Below $4.60 for long positions.

With increasing volume and strong upward momentum, RAY is set for further gains if it sustains above $5.00. Watch for breakout confirmation and trade wisely!

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