#TradingAnalysis101 discussing the recent price movement of $RARE (RAREUSDT Perpetual) and analyzing its market behavior. Here’s a concise summary and breakdown:

Key Points:

1. Massive Price Surge:

$RARE surged from 0.0466 to 0.1357, nearly a 200% increase.

Many retail investors hit stop-losses or got liquidated due to high volatility.

2. Common Trading Mistakes:

Some traders assumed the price would retrace after the big jump, leading to herd mentality losses.

The post suggests avoiding FOMO (Fear of Missing Out) and doing proper analysis before trading.

3. Technical Analysis (TA):

Weekly Chart:

RSI at 60, meaning there’s still room for growth.

Price is within a weekly trend line, so no major trend reversal unless it sustains above 0.23.

1-Hour Chart:

Shows a strong uptrend, with price above the MA(25) (Moving Average).

RSI above 60, indicating room before reaching the overbought zone.

High volume & buying pressure suggest continued demand.

4. Critical Levels & Liquidation Risk:

Strong resistance at 0.145 (seen in both 1H and weekly timeframes).

Liquidation map shows major liquidations at 0.11, meaning the price might test that level.

If it drops below MA(25), market sentiment could turn bearish.

Conclusion:

Bullish outlook in the short term with strong demand, but caution is needed.

Key resistance at 0.145 and support around 0.11.

If price stays above 0.23, it could signal a trend reversal.

Do Your Own Research (DYOR) and avoid blindly following signals or trends.

$RARE

RARE