$RAY $RAY
RAY/USDT Chart Analysis
The RAY/USDT pair is currently trading at 2.853 USDT, reflecting an 11.58% increase.
Support and Resistance Levels:
- Support: The recent low at 2.464 USDT acts as a strong support level.
- Resistance: The recent high at 2.861 USDT is the immediate resistance level.
Entry Signal:
- Entry Point: Consider entering a long position around the current price of 2.853 USDT, especially if the price breaks above the resistance level of 2.861 USDT with strong volume.
Stop Loss and Take Profit Levels:
- Stop Loss: A stop loss can be set just below the support level, around 2.450 USDT, to minimize potential losses.
- Take Profit: Set a take profit level at the next psychological resistance level, which could be around 3.000 USDT, considering the upward momentum.
Summary:
- Current Price: 2.853 USDT
- Support Level: 2.464 USDT
- Resistance Level: 2.861 USDT
- Entry Point: Around 2.853 USDT (if breaking above 2.861 USDT)
- Stop Loss: 2.450 USDT
- Take Profit: 3.000 USDT
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