#TradingAnalysis101 This post is discussing the recent price movement of $RARE (RAREUSDT Perpetual) and analyzing its behavior in the market. Here is a concise summary and breakdown:
Key Points:
1. Massive Price Increase:
$RARE increased from 0.0466 to 0.1357, nearly a 200% increase.
Many retail investors activated stop losses or were liquidated due to high volatility.
2. Common Trading Mistakes:
Some traders assumed the price would pull back after the big jump, leading to losses due to herd mentality.
The post suggests avoiding FOMO (Fear of Missing Out) and conducting proper analysis before trading.
3. Technical Analysis (TA):
Weekly Chart:
RSI at 60, meaning there is still room for growth.
The price is within a weekly trend line, so there isn't a significant trend reversal unless it stays above 0.23.
1-Hour Chart:
Shows a strong uptrend, with the price above MA(25) (Moving Average).
RSI above 60, indicating room before reaching the overbought zone.
High volume and buying pressure suggest continued demand.
4. Critical Levels and Liquidation Risk:
Strong resistance at 0.145 (observed in both 1H and weekly time frames).
The liquidation map shows large liquidations at 0.11, meaning the price could test that level.
If it falls below MA(25), market sentiment could turn bearish.
Conclusion:
Short-term bullish outlook with strong demand, but caution is needed.
Strong resistance at 0.145 and support around 0.11.
If the price stays above 0.23, it could signal a trend reversal.
Do your own research (DYOR) and avoid blindly following signals or trends.
#RAREUSDT