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$RAY /USDT — Strong Rise Signal After Breakout
$RAY is trading around the level of $1.643 ( +20.01% ), having just broken through the important resistance level of $1.60 with extremely strong buying pressure. The 1H chart shows a trend of forming higher lows ( along with steadily increasing trading volume, confirming that the bulls are in control of the market and are heading towards higher resistance levels.
→ Entry zone: $1.620 – $1.650
🎯 Take profit:
• Goal 1: $1.70
• Target 2: $1.78
• Goal 3: $1.88
⛔ Cut loss: $1.55
As long as the price remains above $1.60, the bullish structure of RAY will be maintained. If the price closes strongly above $1.66, it is highly likely that RAY will quickly move towards the target range of $1.78 – $1.88 in the next upward movement.
👉 Technical signals support the rise trend, investors may consider opening a long position ) at the current price range and managing risk tightly.