🔥$RARE Is In the Down trend Channel💥

Current Price: $0.0601

⚡The price of #RAREUSDT has been moving within a descending channel, indicating a bearish trend over time.

⚡Current Price and Resistance:

The current price is $0.0601 USDT, showing a 6.37% increase in the last 24 hours.

Resistance is observed near the top of the descending channel, around $0.0718 USDT, which is also the 24-hour high.

⚡Support Zone:

The 24-hour low of $0.0542 USDT acts as a support level, where buyers might step in.

The yellow arrow on the chart hints at a potential breakout above the descending channel.

👇Trade Setup Possibilities:

Breakout Trade (Bullish Bias):

👉Entry (Buy): Above $0.0720 USDT after a confirmed breakout with strong volume.

💢Stop Loss: Below $0.0680 USDT.

👇Take Profit Targets:

🎯TP1: $0.0750 USDT

🎯TP2: $0.0800 USDT (if momentum continues).

Rejection Trade (Bearish Bias):

👉Entry (Sell): If the price gets rejected near $0.0718 USDT.

💢Stop Loss: Above $0.0730 USDT.

👇Take Profit Targets:

🎯TP1: $0.0570 USDT

🎯TP2: $0.0540 USDT (closer to support).

$RARE is in a descending channel but has shown a recent price increase. A breakout above $0.0718 USDT could signal bullish opportunities, while rejection might lead to further downside. Watching for volume confirmation is crucial to decide the next move.

Disclaimer: #DYOR*

Buy Or Trade With Me On $RARE

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