#RARE indicating Strong 🚀🚀🚀 #BULLISHMOMENTUM See Detail 👇
💡Technical Analysis: The Bollinger Bands indicator with parameters (20, 2) is showing that the price of RARE/USDT is currently trading near the upper band, indicating that the price may be overbought. The Moving Average (MB) is at 0.0858, which can act as a support level for the price.
🔑Key Levels:
- Resistance: 0.1034, 0.1082, 0.1104
- Support: 0.0858, 0.0730, 0.0652
🚫Entry Strategy:
A potential entry strategy could be to wait for the price to retrace towards the support levels at 0.0858 or 0.0730 before considering a long position. Alternatively, if the price breaks above the resistance levels at 0.1034 or 0.1082, a breakout strategy could be implemented.
💹Trading Signal: 📶
Currently, the price of $RARE /USDT has increased by 29.00% in the last 15 minutes, indicating strong bullish momentum. Traders may consider waiting for a pullback towards the support levels before considering a long position, or wait for a breakout above the resistance levels for a potential buying opportunity.