$RAY /USDT, here’s an updated trade setup and analysis:

RAY/USDT Trade Setup

General Trend Overview:

24h Price Change: +8.21% (strong bullish movement)

24h Volume (RAY): 6.16M (indicating healthy liquidity)

24h Low/High: $2.820 / $3.104 (currently close to the upper range, showing strong upward momentum)

Bullish Scenario:

If RAY maintains momentum and consolidates above the $3.07 level:

Entry Zone: $3.05 - $3.07 (pullback entry near MA60)

Stop Loss: $2.95 (below recent low support)

Target Levels:

TP1: $3.15 (next resistance level)

TP2: $3.25 (stronger resistance area)

TP3: $3.40 (next major upside level)

Conditions to Watch:

Volume Increase: Look for volume spikes to confirm strength and continuation.

RSI: Watch for RSI levels to remain above 50 on lower timeframes (15m/1h), signaling upward momentum.

Bearish Scenario:

If RAY fails to maintain the current levels and starts to break below $3.05:

Entry Zone: $3.00 - $3.05 (support breakdown entry)

Stop Loss: $3.15 (above the resistance level)

Target Levels:

TP1: $2.90 (immediate support)

TP2: $2.80 (previous low support)

TP3: $2.70 (deeper support level)

Conditions to Watch:

Volume Decrease: Low volume during downward movement could signal a potential reversal or consolidation.

RSI: RSI falling below 50 could confirm weakening momentum.

Key Levels to Watch:

Summary:

Above $3.07 = Bullish bias, Targeting $3.15+

Below $3.00 = Bearish bias, Targeting $2.80 or lower

Let me know if you need any adjustments or more detailed analysis!

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