$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

#ScrollOnBinance #ScrollOnBinance #CryptoPreUSElection #CryptoPreUSElection #Write2Earn!