$RARE RARE/USDT — 🚨 Bearish Breakdown: Is It Time to Short the Dips or Wait for Reversal?
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Quick Analysis:
-8.55% drop today and -49.06% down over the past year.
Currently testing support at $0.0618, struggling below MA99.
Volume decreasing, market looks like it’s in a downtrend.
Potential short setups if price fails to reclaim critical levels.
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🟢 SPOT STRATEGY — Caution with Bearish Sentiment
🎯 Entry Zone:
$0.0600 – $0.0620 (Consider entering near current support zone or wait for a potential bounce)
🎯 Target Profits:
TP1: $0.0650
TP2: $0.0700
TP3: $0.0720
🛡️ Stop-Loss:
$0.0580 (Tight stop below strong support zone)
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⚡ FUTURES STRATEGY — Shorting the Breakdown
💥 Short Setup (Bearish Continuation):
Entry: $0.0620 – $0.0615 (Wait for confirmation of bearish trend continuation)
Why Here?
Price struggling below MA99 and MA25, with a bearish cross formation.
Volume dropping, which means the sell pressure may continue.
Leverage: 2x – 5x (Aggressive for this breakdown)
Targets:
TP1: $0.0600
TP2: $0.0580
Stop-Loss: $0.0650 (Above recent resistance)
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⚡ Long Setup (If Reversal Occurs):
Trigger: Reversal confirmed above $0.0650 and reclaiming MA25.
Why Long?
If price breaks above key resistance levels, there could be an upside retracement.
Entry: Above $0.0650 (Breakout confirmation)
Stop-Loss: $0.0600
Targets:
TP1: $0.0700
TP2: $0.0720
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Final Verdict
Bearish momentum dominates for now. Focus on shorting the bounces.
Short setup looks favorable unless we see a confirmed reversal.
Trade carefully, as there’s potential for fakeouts during these volatile phases.
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Quick Note: The market could test lower support levels before making any major moves. Keep your stop-loss tight and wait for confirmation signals.