RAY/USDT Quick Analysis (1-hour frame):

• Strong price increase: In the last 24 hours, RAY has increased +18.53%, currently trading around 5,694 USDT. The highest peak reached 6,300 USDT, the lowest bottom was 4,612 USDT.

• EMA support: EMA(20) and EMA(50) are sloping up, indicating that the bullish trend is dominant. The current price is above both EMAs, indicating that the bullish momentum is still strong.

• Resistance & support:

• Near resistance: 6,300 USDT (previous peak).

• Support: 5,348 USDT (EMA20) and 5,079 USDT (EMA50).

• Trading volume: Significantly increased during the rally, indicating strong buying pressure supporting the trend.

Comments:

• Bullish scenario: If price breaks above 6,300 USDT with high volume, it could continue to rise to higher levels.

• Bearish scenario: If price fails to hold above 5,694 USDT, price could correct to support around EMA20 or EMA50 before continuing to rise.

Strategy:

• Wait for price to correct near EMA20 or EMA50 to enter a buy order, with the target of challenging 6,300 USDT or higher.

• Cut loss if price breaks below EMA50 (below 5,079 USDT).

Keep a close eye on volume and price action around support/resistance zones!