Analysis and Trading Recommendations $RARE /USDT
Current Price: $0.0624 with a decrease of -0.16%
Technical Analysis:
Bearish crossover between EMA7 (0.0625) and EMA25 (0.0628)
Price is trading below all major moving averages
Formation of bearish candle pattern in the short term
Increase in trading volume (137.616.5) with the recent decline
Entry Points:
Buy at 0.0618-0.0620 (strong support)
Strengthen position if it bounces from 0.0616
Exit Points:
First Target: 0.0631 (EMA99)
Second Target: 0.0639
Stop Loss: 0.0612
Strategy: Gradual accumulation at support levels while targeting EMA25 resistance in the short term. Watch for a bounce from the 0.0618 level while monitoring trading volume.
