Death Line 1.9413! RAYSOL's decisive battle tonight!
1. RAYSOL currently on this four-hour chart seems to be in a "dilemma". The price is hovering around approximately 2.2692.
2. There are several mountains looming above:
Going up? Not easy! There are several "hurdles" waiting above:
The biggest pressure is at 2.5440.
The closest pressure point is at 2.4136.
3. The lifeline below:
Fortunately, there is still a "support" below:
The strongest and most critical support is at 1.9413, which is near the recent low point.
4. Information on trading volume:
The trading volume looks average, not particularly active, but the estimated trading volume is much higher than the actual, indicating that there may be funds waiting on the sidelines? The 5-day moving average and the 10-day moving average are entangled, making the short-term direction unclear.
5. Good news:
The chart clearly shows that the position 1.9413 has previously saved lives! The currency price once touched here, then stabilized, and showed an effective rebound. This proves the effectiveness of the support.
Personal views and exit strategies:
Don't rush to cut losses:
If fans are stuck at a price not far from now, or just happened to be stuck buying near the previous support, this position is not the worst.
Keep a close eye on key support:
Today's and even the short-term core lifeline is to hold 1.9413! If the currency price can stabilize and not break around this 1.9413 like last time, coupled with a moderate increase in trading volume, there is hope!
Beware of breakout risks:
Conversely, if the price breaks down effectively with volume below this strong support of 1.9413, don't hesitate! This likely means the downside space is opened, and it could be heading for a new low. For holders wanting to exit or prevent greater losses, breaking 1.9413 is the last escape signal, and one must consider stop-loss exit and wait for further developments.
The road above:
Even if there is a rebound, the first step is to stabilize above 2.3, and then attempt to touch strong resistance levels like 2.41 or even 2.54. Each step requires matching trading volume; otherwise, it can easily be pushed back.
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