$RAY /USDT Explodes Past Resistance — Can the Bulls Push Through the Supply Wall🤔👇
Market Outlook 📊
$RAY is currently trading around $3.65, with strong bullish momentum evident on both the 1H and 1D charts. After a clear BOS (Break of Structure) and CHoCH confirmation, price surged from demand near $2.60–$2.90 and is now testing the upper range of a multi-day supply zone.
On the 1D chart, the price has broken above the red 200 EMA and is now entering a high-volume resistance cluster between $3.70 and $5.00.
On the 1H chart, the recent candle shows a small rejection wick near $3.70, while the Stochastic RSI is cooling off from high levels (~35/12), suggesting a potential retest or short-term consolidation.
Formed Candle & Trend Signals:📊📉
1D Chart: Breakout candle from BOS zone, price reclaiming all major EMAs
1H Chart: Strong uptrend; minor rejection indicates healthy pullback potential
Stochastic RSI: Oversold shift starting — near-term dip opportunities may emerge
Trade Strategy (Buy Bias):🧑🏫
Entry 1: Pullback buy zone at $3.43–$3.28
Entry 2: Momentum breakout above $3.72✅
Target 1: $4.25🎯
Target 2: $5.00🎯
Stop Loss: Below $3.15☣️
Risk-Reward Potential: 1:2+ on structured pullback entries
Market Insight:🧑💻
$RAY is in a fresh breakout cycle. A controlled dip into EMAs or demand zones may offer a high-reward opportunity, but confirmation above $3.70 is key for aggressive continuation trades. Always trade with discipline and manage your risk.
Disclaimer:⚠️
This post is for educational purposes only. Cryptocurrency markets are highly volatile. Always do your own research and use proper risk management.
