$RARE trade analysis - Bottoming Out, High Potential Ahead!
$RARE is hovering near the bottom on the 3-hour chart, with key support holding strong at $0.05.
This level has proven to be a solid accumulation zone, and with a bullish RSI divergence forming, we could be looking at an upcoming reversal.
Key Points:
- There is a massive upside potential – Long-term targets sit at $0.20 and $0.34.
- Price has crossed below the 0.786 Fibonacci retracement level, indicating a deep retrace, but also a prime reversal area.
- I'm watching for volume spikes to confirm entry – low volume = no trade.
- I'll keep my take-profits flexible as always but these are my targets:
$0.111, $0.125, and $0.145, as highlighted in the chart.
My Plan:
I'm not jumping in blindly – waiting for a clear reversal and volume confirmation before entry.
If we get a strong bounce off this zone, I’ll be targeting the marked TPs while managing risk.
Will place stop loss below the support area.