$RAY at $3.522 means purchasing the asset directly on the exchange with the goal of selling it later at a higher price. A good setup begins with identifying support and resistance levels—support marks the buying zone, while resistance is your potential target. Traders often use indicators like RSI, MACD, and volume trends to confirm momentum before entering.

A stop loss is essential to limit risk. If you buy at $3.522 and the nearest support is $3.45, placing your stop loss slightly below at $3.40 can protect your position from a deeper drop. This ensures you exit early if the market turns against you.

The core of a successful spot trade setup is planning your entry, take-profit targets, and stop loss in advance. This disciplined approach helps maximize potential gains while minimizing losses in the highly volatile cryptocurrency market.