$RAY experienced a slight decline of -1.796% over the past 24 hours, with highs at 5.298 and lows at 4.746. Currently, it trades near the lower Bollinger Band (4.7639), suggesting potential support at this level. Resistance is marked at 5.414, creating a range that traders should monitor closely. A bounce off the lower band could present a buying opportunity, while a decisive move above 5.414 may signal a bullish trend. Traders should watch for volume changes around these key levels to optimize their strategy.
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