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RARE has recently experienced a significant price swing, with a high of 0.26 and a low of 0.18. The token is currently showing a bearish trend, with a potential for further downside movement.
Trading Setup:
RARE Short Setup
Entry:
- Anticipated entry around 0.24 to 0.22
Targets:
- Target 1: 0.17
- Target 2: 0.15
Stop Loss:
- 0.27 (above recent high)
Setup Summary:
This is a short setup for RARE, with an anticipated entry around 0.24 to 0.22. The setup has two targets, 0.17 and 0.15, with a stop loss set at 0.27 (above recent high).
⚠️Risk Management:
- Stop loss is set above recent high to limit potential losses
- Two targets provide potential exit points for profit-taking
Market Context:
- RARE is showing a bearish trend, with potential for further downside movement
- Traders should be cautious of changing market conditions and adjust their strategy accordingly
⚠️Disclaimer:
- This is not financial advice, and traders should do their own research before making any decisions
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