$RAY has experienced a significant breakout - Buy setup activated
Current Price: $2.47
24-hour Performance: +20.85%
24-hour Trading Volume: 15.91 million RAY / 38.17 million USDT
Range: $1.94 (Lowest Price) - $2.78 (Highest Price)
Trading Setup (Buy)
Entry Zone: $2.45 - $2.50
Price retraced from $2.78, stabilizing above the previous resistance turned support.
Targets:
First Profit Target: $2.78 (All-time High)
Second Profit Target: $2.95 (Psychological Resistance)
Third Profit Target: $3.25 (Next Breakout Level)
Stop Loss:
Below $2.25 (Invalidates the bullish structure)
Quick Momentum Overview
Trend: Confirmed Uptrend on the 4-hour and 1-day timeframe
Sharp Increase in Trading Volume: Significant increase in trading volume confirms genuine buyer interest
Structure: Higher Highs, Higher Lows - Classic Bullish Pattern
Strategic Advice:
If trading volume continues and RAY holds its price above $2.45, this breakout may extend. We advise expanding the trading range at the nearby support level and gradually taking profits at key levels.
Buy and Trade here on $RAY
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