$RAY /USDT – BULLISH SURGE OFF THE BOTTOM, BUT WILL IT HOLD ABOVE $2.18?
$RAY /USDT has jumped +5.77% in the last 24H, currently trading at $2.14, showing signs of short-term bullish strength after bouncing from the recent low of $2.009. Buyers are attempting to regain momentum after a brutal -34.42% drop in the last 30 days.
Key Technical Levels:
Current Price: $2.14
Immediate Resistance: $2.185 (24H high)
Major Resistance Zone: $2.25 – $2.30
Immediate Support: $2.10
Strong Support Zone: $2.00 – $2.02
If price can sustain above $2.185, we could see continuation towards $2.25 and beyond. However, rejection here could bring a retest of the $2.00 zone.
Trade Setup – LONG Entry Setup
Entry: On breakout above $2.185 (confirmation candle close on 1H/4H)
Target 1 (TP1): $2.25
Target 2 (TP2): $2.30
Stop Loss (SL): $2.08 (below near support)
Alternative Entry: Buy on dip around $2.05 – $2.08 with tighter SL and same targets.
Market Outlook:
Despite a painful 180-day drop of -59.23%, the 90-day return of +30.12% suggests this might be a bigger reversal building up if price holds above $2.20. Volume is decent and buyers are attempting a trend shift. Caution near major resistance remains.
Risk Management:
Never risk more than 2% of your total capital per trade. Wait for confirmation — avoid FOMO on resistance breakouts.
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