$RAY /USDT AT A PIVOTAL POINT – STRATEGIC ENTRY ON THE HORIZON! ‼️
The RAY/USDT pair is surging within a strong upward channel on the 4-hour chart, currently trading at 3.011 USDT. This momentum signals robust buying interest, with the price neatly holding above key trendline support levels. Here’s what traders should watch for:
💡 Key Support & Resistance Levels:
• Resistance: Positioned around 3.20 USDT – a decisive breakout here could ignite a fresh wave, targeting higher levels.
• Support: Sitting at 2.80 USDT – a crucial defense zone that, if lost, could signal a pullback toward 2.60 USDT.
🔍 Long-Term Entry Strategy:
• Entry: Consider entries on a confirmed breakout above 3.20 USDT.
• Stop Loss: Place at 2.90 USDT to manage risk.
• Take-Profit Targets: 3.50 USDT, 3.80 USDT, and a potential run toward 4.00 USDT.
📉 Short-Term Entry Strategy:
• Entry: Near 2.80 USDT support if tested again, but only if the level shows signs of strength.
• Stop Loss: Tight at 2.75 USDT to protect from downside risk.
• Take-Profit Targets: 3.10 USDT and 3.20 USDT.
With these strategies in mind, stay sharp! A strong move is on the horizon, and whether a breakout or retracement, RAY/USDT is primed for action! 🧨📈#ETHBTCNewLow #ScrollOnBinance #BTCMiningDifficultyRecord #USJoblessClaimsDip #TetherUnderInvestigation