$RARE $RARE The $RARE /USDT pair is currently in a strong uptrend. The price has been steadily rising, indicating bullish sentiment among traders.
Support and Resistance
Strong Support: $0.0964 (Recent Swing Low)
Immediate Support: $0.0938 (Depth Level)
Immediate Resistance: $0.1174 (Current Price)
Strong Resistance: $0.1465 (24h High)
Entry Signal
A retest of the broken resistance level at $0.1174 could provide a potential buying opportunity. This retest can act as a confirmation of the uptrend and provide a better entry point with reduced risk.
Trading Strategy
Buy Entry: Wait for a retest of the broken resistance level at $0.1174.
Stop-Loss: Place a stop-loss order below the recent swing low.
Take-Profit: Set a take-profit target near the next significant resistance level.
Additional Considerations
Volume: Monitor trading volume. Increased volume during a breakout can confirm the strength of the move.
Market Sentiment: Consider broader market sentiment and news events that may impact RARE's price.
Risk Management: Always practice proper risk management by using stop-loss orders and position sizing.#CryptoAMA #29thBNBBurn #16thBTCWhitePaperAnniv #USNFPCooldown #Write2Earn!