$RARE

USDT BULLISH SPIKE – WILL THE MOMENTUM CONTINUE?

RAREUSDT has shown a sharp bullish spike on the hourly chart, breaking recent sideways consolidation. Price surged towards the 0.0555 resistance but faced rejection, now stabilising around 0.0508.

🔑 Key Levels:

Support: 0.0486 (24h low), strong immediate support

Resistance: 0.0555 (24h high), critical breakout level

Current Price: 0.0508

📈 Trade Setup:

Entry (Long): 0.0500 – 0.0508

Take Profits:

TP1: 0.0530

TP2: 0.0550

TP3: 0.0570

Stop Loss: 0.0480

🔍 Market Outlook: Momentum remains bullish after the breakout candle, but sellers are active near 0.0555. Holding above 0.0500 will keep bulls in control for a retest of the highs. A rejection below 0.0486 could invalidate the setup.

⚠️ Risk Management: Always use defined stop losses. Risk only 1-2% per trade and trail profits once TP1 is hit to lock gains in this volatile breakout environment.

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