$RAY $RAY $RAY
RAY/USDT: A Bullish Breakout on the Horizon?
The RAY/USDT pair has been consolidating within a range for the past few weeks. However, the recent price action suggests a potential bullish breakout is brewing.
Key Observations:
* Support: The $3.20 level has acted as strong support during the consolidation phase.
* Resistance: The $3.50 level has been a significant resistance barrier.
* Breakout Signal: A decisive break above $3.50 could trigger a strong upward move.
Entry Strategy:
A conservative approach would be to wait for a pullback to the $3.40-$3.45 zone after the breakout. This would offer a better risk-reward ratio. Aggressive traders could enter on a break above $3.50 with a stop-loss below $3.20.
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