$RAYSOL 5-minute decline of 2.11%, with the current price at 1.7546. Two possible scenarios from here:
① It holds sideways on lower volume and reclaims the breakdown level → this move looks more like a shakeout
② The rebound fails to reclaim that level, and the price breaks below the 24h low of 1.7379 → weakness may continue
Personally, I’d wait to see how strong the first rebound is before deciding. If you were in my shoes, would you take action or stay on the sidelines?
① It holds sideways on lower volume and reclaims the breakdown level → this move looks more like a shakeout
② The rebound fails to reclaim that level, and the price breaks below the 24h low of 1.7379 → weakness may continue
Personally, I’d wait to see how strong the first rebound is before deciding. If you were in my shoes, would you take action or stay on the sidelines?