$RARE
/USDT Technical Analysis & Trade Strategy๐๐ฏ
Current Market Overview:
Current Price: $0.1591 (+10.72%)
24h High: $0.1668
24h Low: $0.1427
Volume (RARE): 51.92M
Volume (USDT): 8.13M
Technical Indicators:
Bollinger Bands (20, 2):
Upper Band: $0.1656
Middle Band: $0.1622
Lower Band: $0.1587
SAR (0.02, 0.2): $0.1628
Key Level (K): $0.1449
Trade Setup & Strategy:
1. Buy Entry:
Entry Price: Around $0.1591 (current market price) or near the Middle Bollinger Band ($0.1622) if the price dips slightly.
Conditions for Entry:
A confirmation candle closing above the SAR level ($0.1628) or above the Middle Bollinger Band ($0.1622).
Price remains above the SAR level, signaling upward momentum.
Strong market volume (preferably above 8M USDT) supports the bullish trend.
2. Target Levels (๐ฏ):
Target 1 (๐ฏ1): $0.1656 (Upper Bollinger Band)
First level of resistance, aligned with the Upper Bollinger Band. If price approaches this area, monitor for signs of a breakout or reversal.
Target 2 (๐ฏ2): $0.1680โ$0.1700 (Psychological Resistance Zone)
A moderate price extension if the momentum continues strong. This range is just above the upper Bollinger Band and could act as a resistance level in case of further bullish moves.
Target 3 (๐ฏ3): $0.1750 (Next Resistance Zone)
A more extended target. If price breaks through $0.1680โ$0.1700 with significant volume, this level is a reasonable target for the next resistance zone.
3. Stop Loss (SL) and Risk Management:
Stop Loss (SL): Place a stop loss just below the Lower Bollinger Band ($0.1587) or around $0.1449 (Key Support Level K).
If the price falls below these levels, the bullish thesis is invalidated.
Risking around 2-3% of capital per trade, use a 1:2 risk-to-reward ratio, ensuring the trade is profitable if successful.
Summary of the Strategy:
Long Position entry near $0.1591โ$0.1622.
Target Levels:
๐ฏ1: $0.1656
๐ฏ2: $0.1680โ$0.1700
๐ฏ3: $0.1750
Stop Loss: $0.1587 (Lower Bollinger Band) or $0.1449 (Key Support Level K).
