$RARE
Alert from a rising wave 💯🔥
Bullish reversal - strong bounce from the local low!
The price of $RARE dropped to $0.0586 before bouncing back strongly, indicating a potential short-term trend reversal. With increasing trading volume and the formation of higher lows, bulls may seek to regain control towards the resistance level of $0.0610.
Trading settings (Buy):
Entry price: $0.0590 - $0.0595
Take profit 1: $0.0605
Take profit 2: $0.0615
Stop loss: $0.0582
Why buy?
The price rebounded sharply after touching the local low near $0.0586. Buyers entered at the support level, and the 15-month chart shows consecutive green candles. As long as the trading volume holds, this recovery may extend to a breakout towards its recent highs.
Risk management advice:
Set a tight stop-loss level below $0.0582 to protect against false sell-offs. Always take partial profits at TP1, then move the stop-loss level to the entry level upon profit realization.
Don't miss the early momentum - RARE seems ready to rise again!
Don't let this breakout pass you by - enter smartly, and exit wealthy!
Seize the momentum before it fades - profits favor the brave!
