##RAREUSDT #CryptoPreUSElection
### Current Indicators:
- Price Movement: Price appears to be in a range around 0.1254, with recent high volatility as shown by the candle wicks.
- MACD: The MACD histogram shows a bearish crossover with MACD and signal lines both near zero, indicating weak bullish or bearish momentum. This could suggest consolidation or a potential reversal depending on other signals.
- Moving Averages (MA): The 5-period MA (98,460.4) is below the 10-period MA (182,927.6), showing that short-term momentum may be weaker than the longer-term trend.
### Long Entry:
- Entry Point: Consider entering a long position if the price breaks above the recent resistance level around 0.1261, confirmed by increased volume.
- Take Profit (TP): Set TP around 0.13 as a near-term target, with potential for more if momentum continues.
- Stop Loss (SL): Place an SL slightly below the support around 0.1247, ideally around 0.1242 to limit losses if the price dips further.
- Trade Duration: Hold until TP or SL is triggered or if indicators show a weakening trend.
### Short Entry:
- Entry Point: Consider a short position if the price drops below the 0.1242 level with high volume.
- Take Profit (TP): Set TP at 0.1232 to capitalize on a potential downtrend.
- Stop Loss (SL): Place SL above the resistance at 0.1261.
- Trade Duration: Short-term trade until either TP or SL is reached or momentum changes.
### Contingency Plan:
- If the price moves unexpectedly or MACD and volume indicators reverse direction, consider tightening stop losses or closing positions early.
- Regularly check for divergence in the MACD or unusual volume spikes as signs of potential trend reversals.
This plan should be adapted to changes in market conditions. #Write2Earn! #BinanceSquareFamily #TradingMadeEasy $RARE