RAY Technical Analysis
Currently, $RAY is gradually forming an ascending triangle pattern at a high level, which is usually a signal of bullish strength accumulation, indicating the potential for further upward movement in the future.
However, considering that it is currently close to a resistance level, I would not easily increase my position at this time. The risk of directly betting on a breakout is relatively high, and there is a tendency to face false breakouts, which could lead to being stuck.
A more prudent strategy is to wait for a clear breakout above the current resistance level and then confirm a rebound signal when the price pulls back to support before taking action. This way, risk can be more effectively managed.
Currently, $RAY is gradually forming an ascending triangle pattern at a high level, which is usually a signal of bullish strength accumulation, indicating the potential for further upward movement in the future.
However, considering that it is currently close to a resistance level, I would not easily increase my position at this time. The risk of directly betting on a breakout is relatively high, and there is a tendency to face false breakouts, which could lead to being stuck.
A more prudent strategy is to wait for a clear breakout above the current resistance level and then confirm a rebound signal when the price pulls back to support before taking action. This way, risk can be more effectively managed.
