$RARE /USDT trading pair, here are key insights for potential buy zones, targets, and stop-loss levels:
Buy Zone: Consider entering a position between $0.095 and $0.097. This range aligns with a support level identified after a recent decline, suggesting a potential entry point.
Targets:
First Target: $0.1153, a previous resistance level.
Second Target: $0.12, a stronger resistance level where profit-taking could be considered.
Stop-Loss: Set a stop-loss at $0.093. If the price falls to this level, it may indicate further downside risk, and exiting the position could help prevent additional losses.
Technical Indicators:
MACD: Close to zero (-0.0002), with converging lines, indicating potential for a trend change if improvement occurs.
RSI: At 46.75, reflecting a neutral market awaiting trend confirmation.
Stochastic RSI: At 67.53, suggesting possible short-term upside, though caution is advised as it approaches overbought areas.
Recommendation: Monitor these technical indicators alongside the specified buy zone, targets, and stop-loss levels to inform your trading decisions. Keep in mind that market conditions can change, so continuous monitoring is essential.