$RAY has increased by 11.914% in the last 24 hours, indicating strong upward momentum.
Current price action is approaching the upper Bollinger Band at 2.45, suggesting potential overextension.
If RAY breaks above 2.78, it could signal a trend continuation; otherwise, a pullback may follow.
Place a stop-loss below the support level at 1.942 to manage risk effectively.
Bollinger Bands indicate expanding volatility, which may lead to further price fluctuations.
Recommended action: Set alerts for key levels and wait for confirmation before entering a position.
