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$RAY/USDT Analysis 📈
Looking at the recent behavior of $RAY, we find some key points in the current time frame:
1️⃣ Support and Resistance: The recent support is at $3.4, while the key resistance is at $3.6. If the price breaks above $3.6 strongly, it could open the way to $4.2 as a prelude to the $5 target.
2️⃣ Buying Volume: An increase in buying volume at $3.6 would strengthen the possibility of a bullish breakout, pointing towards the next target of $5.
3️⃣ Technical Indicators: With the RSI still not reaching overbought levels and a bullish crossover on the MACD, buy signals look promising.
🎯 Target $5: To reach $5, the asset will need to break $4.2 and maintain bullish momentum. Otherwise, it is key to protect yourself with a stop loss if the price falls below $3.4 again.
🚨 Risk Management: Don't forget to use stops and maintain good risk management.
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