🚨 RAY/USDT 15-Minute Trading Signal Alert 🚨
Overview: RAY/USDT is experiencing a sharp decline, with a drop of 16.90% over the past 24 hours. After reaching a high of 5.489, the price has continued to trend downward and is currently at 4.469, nearing its recent low at 4.305. This bearish momentum suggests caution for any bullish entries unless there’s a clear support confirmation.
Current Price: 4.469
Entry Price: Consider entries only if support around 4.305 holds, signaling a possible stabilization, or wait for a reversal signal above 4.469 for a safer entry.
Critical Levels:
Resistance: 5.077 – This level marks significant resistance. A move above could signal potential for a rebound.
Support: 4.305 – Key support level; if broken, it could lead to further downside.
Take-Profit Targets:
1. TP1: 4.550 – Near-term target for quick profit-taking on any recovery.
2. TP2: 4.750 – Secondary target, where additional resistance might appear.
3. TP3: 5.000 – Target for a stronger upward move if a rebound gains momentum.
Stop Loss: Set at 4.200 to minimize risk if the price continues to drop.
Caution: Traders should be cautious of further declines if 4.305 doesn’t hold. Watch for any signs of stability or a bounce before entering, as the market may still be in a corrective phase. A breakout above 5.077 is needed to confirm a bullish reversal.
