$RAY Entry Zone: Between $0.70 and $0.72.
Reasoning: This aligns with the recent breakout point and the moving averages. If the price holds here, it confirms the new trend.
2. The Aggressive Approach (Momentum Play)
If the price shows no signs of slowing down and stays above $0.82 on the 4-hour or 1-day close, you could enter a partial position.
Entry Zone: Current levels, but with a smaller position size.
Target: The next major psychological and technical resistance is around $1.00 to $1.09.
Risk Management
Stop Loss (SL): Place your stop loss below the MA(99), around $0.64 - $0.65. If the price falls back below this, the bullish breakout has failed.
Take Profit (TP): Consider scaling out at $1.00 and $1.25. $RAY
Reasoning: This aligns with the recent breakout point and the moving averages. If the price holds here, it confirms the new trend.
2. The Aggressive Approach (Momentum Play)
If the price shows no signs of slowing down and stays above $0.82 on the 4-hour or 1-day close, you could enter a partial position.
Entry Zone: Current levels, but with a smaller position size.
Target: The next major psychological and technical resistance is around $1.00 to $1.09.
Risk Management
Stop Loss (SL): Place your stop loss below the MA(99), around $0.64 - $0.65. If the price falls back below this, the bullish breakout has failed.
Take Profit (TP): Consider scaling out at $1.00 and $1.25. $RAY
