🚀 $RAY /USDT Technical Analysis: Bulls in Control with 🎯 Targets Ahead!
💸 Current Price: $6.99 (+22.93%)
📈 Resistance Levels: $7.25 (24h High), $7.50
📉 Support Levels: $6.50, $5.90
🛠️ Indicators at a Glance:
RSI: 74 (Overbought – strong bullish momentum, but a correction is possible).
MACD: Bullish crossover, signaling further upward potential.
EMA Levels:
20 EMA: $6.50 (Immediate Support)
50 EMA: $5.90 (Secondary Support)
🎯 Trade Signal
🔑 Entry Zone: $6.80–$7.00
❌ Stop Loss: $6.45
Target Levels:
🎯 Target 1: $7.25 (Immediate Resistance)
🎯 Target 2: $7.50 (Mid-term Breakout Level)
🎯 Target 3: $7.85 (Extended Bullish Target)
🔥 Trade Momentum
Trend: Bullish with strong volume backing ($83.35M in 24h).
Risk Level: Moderate – watch for pullbacks near resistance zones.
Outlook: A potential breakout above $7.25 could trigger momentum toward higher targets.
⚠️ Pro Tip: Keep an eye on RSI levels and trading volume to confirm the breakout or potential retracement. Short-term traders can book profits at Target 1 or 2, while swing traders may aim for Target 3.
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