Current Price: $1.874
24H High: $2.099
24H Low: $1.587
24H Change: +11.41%
Volume: 24.28M RAY / 44.91M USDT
Technical Indicators:
Price recently peaked at $2.099 and retraced.
Momentum indicators (like Wm %R) suggest oversold conditions.
Volume is decreasing, indicating reduced volatility.
Possible Trading Strategy:
Bullish Scenario (Long Position):
If price holds support around $1.85 - $1.87 and rebounds, it could test $1.91 - $2.00 again.
Confirmation: Increasing volume, green candles with strong closes.
Bearish Scenario (Short Position):
If price fails to break above $1.91 - $1.92, it might retest $1.80 or lower.
Confirmation: Weak bounces, declining volume, and strong selling pressure.
