$RAYSOL broke below the 24-hour low: current price 1.7362, previous low 1.7434.
After the breakdown, watch two things:
· Whether the previous low of 1.7434 turns from support into resistance (price can't break back above it on a rebound)
· Whether volume picks up during the breakdown—a break on low volume could just be a bear trap
What do you think will happen next?
After the breakdown, watch two things:
· Whether the previous low of 1.7434 turns from support into resistance (price can't break back above it on a rebound)
· Whether volume picks up during the breakdown—a break on low volume could just be a bear trap
What do you think will happen next?