Analysis and Trading Recommendations for Currency $RARE on Binance Current Price: 0.059 USDT with a 48% decline over the past year.
Proposed Entry Points:
Strong support at 0.046 USDT (recently recorded low) Upon breaking the 50-day moving average Exit Points:
First Resistance: 0.062 USDT Second Resistance: 0.064 USDT Strong Resistance: 0.127 USDT Technical Indicators: Show neutral with a short-term selling bias. Related to the NFT market, can be compared to Rarible and LooksRare.
Strategy: Gradual buying on dips, with a stop loss below 0.045 USDT. Targeting 10-15% profit on short-term trades.
And advice to exit at the first target #RARE
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