Analysis and Recommendation for Trading $RARE 📊
The $RARE (Super Rare) coin is experiencing a decline of 7.10% with high trading volume (79.48M), indicating continued selling pressure. Technical indicators show a bearish arrangement of moving averages EMA7 (0.0635) < EMA25 (0.0650) < EMA99 (0.0661).
Entry Points:
Gradual buy at 0.0624 (current strong support)
Second buy at 0.0600 with a stop loss below 0.0580
Exit Points:
Partial sell at 0.0650 (EMA25)
First target: 0.0661 (EMA99)
Second target: 0.0700
Wait for confirmation of a rebound from the current support level through an increase in trading volume and the formation of a strong green candle before buying. The coin may benefit from any improvement in the NFT market.
