【See Decline】
RAY is currently quoted at 1.524, down 5.79% over the past 24 hours; still down 77.03% over the last 7 days, with intraday range 1.518–1.743.
RAY is down 5.79% in the past 24 hours; after rebounding to around 1.743, it was pushed back down. The overhead supply of trapped positions is dense.
The rebound came on lower volume, while the decline saw higher volume—volume and price action are bearish.
Bearish in the short term.
【Reasons for Bearish View】
The “trend-following” gap-down is the most painful—RAY’s 77.03% loss over 7 days hasn’t been fully worked through yet.
For the short term, first look at whether it can hold 1.518; if it breaks down, don’t catch a falling knife.
$RAY #RAY
RAY is currently quoted at 1.524, down 5.79% over the past 24 hours; still down 77.03% over the last 7 days, with intraday range 1.518–1.743.
RAY is down 5.79% in the past 24 hours; after rebounding to around 1.743, it was pushed back down. The overhead supply of trapped positions is dense.
The rebound came on lower volume, while the decline saw higher volume—volume and price action are bearish.
Bearish in the short term.
【Reasons for Bearish View】
The “trend-following” gap-down is the most painful—RAY’s 77.03% loss over 7 days hasn’t been fully worked through yet.
For the short term, first look at whether it can hold 1.518; if it breaks down, don’t catch a falling knife.
$RAY #RAY
