$RAY /USDT, here’s an updated trade setup and analysis:
RAY/USDT Trade Setup
General Trend Overview:
24h Price Change: +8.21% (strong bullish movement)
24h Volume (RAY): 6.16M (indicating healthy liquidity)
24h Low/High: $2.820 / $3.104 (currently close to the upper range, showing strong upward momentum)
Bullish Scenario:
If RAY maintains momentum and consolidates above the $3.07 level:
Entry Zone: $3.05 - $3.07 (pullback entry near MA60)
Stop Loss: $2.95 (below recent low support)
Target Levels:
TP1: $3.15 (next resistance level)
TP2: $3.25 (stronger resistance area)
TP3: $3.40 (next major upside level)
Conditions to Watch:
Volume Increase: Look for volume spikes to confirm strength and continuation.
RSI: Watch for RSI levels to remain above 50 on lower timeframes (15m/1h), signaling upward momentum.
Bearish Scenario:
If RAY fails to maintain the current levels and starts to break below $3.05:
Entry Zone: $3.00 - $3.05 (support breakdown entry)
Stop Loss: $3.15 (above the resistance level)
Target Levels:
TP1: $2.90 (immediate support)
TP2: $2.80 (previous low support)
TP3: $2.70 (deeper support level)
Conditions to Watch:
Volume Decrease: Low volume during downward movement could signal a potential reversal or consolidation.
RSI: RSI falling below 50 could confirm weakening momentum.
Key Levels to Watch:
Summary:
Above $3.07 = Bullish bias, Targeting $3.15+
Below $3.00 = Bearish bias, Targeting $2.80 or lower
Let me know if you need any adjustments or more detailed analysis!
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