$RARE /USDT SHORT TRADE SETUP AFTER SHARP REJECTION
Market Structure:
$RARE /USDT spiked to $0.0712 but faced immediate rejection, forming consecutive red candles and dropping to $0.0643. The current structure signals a potential reversal after an overextended move.
Trade Setup: SHORT
Entry Zone: $0.0645 – $0.0660 (on minor bounce)
Stop Loss: Above $0.0685
Target Levels:
• TP1: $0.0620
• TP2: $0.0595
• TP3: $0.0575
Technical Insight:
A clear bearish engulfing pattern has emerged after the top wick at $0.0712. Selling pressure has increased with each candle. A lower high confirms weakness.
Risk Management:
Stick to stop loss. Volume is high; monitor volatility and adjust position size accordingly.
