RAY has accelerated sharply out of its previous consolidation, with consecutive strong 1H candles carrying price into the $1.68-$1.70 resistance area. The breakout is convincing, but the move is already extended, so I would rather wait for a pullback toward the $1.62-$1.67 region than chase the vertical candle. The previous $1.6825 high is now the immediate level bulls need to defend.
EP
$1.62 - $1.67
TP
$1.70
$1.75
$1.80
SL
$1.57
A successful retest and hold above $1.6825 would support continuation after the breakout. A decisive breakdown below $1.57 would weaken the recent bullish structure and invalidate this setup.
#Quantum threat to crypto networks #Liquid Network resumes block production #XRP potential to surpass Bitcoin
