📢 $RARE / $USDT | 🔴 SHORT | ⭐ 70.6%
🎯 Target: $0.011235. Is it still falling?
🎯 Trading levels:
🟢 Entry: $0.011985
🛑 Stop Loss: $0.012435
🏁 TP1: $0.011235
🏁 TP2: $0.011085
🏁 TP3: $0.010785
📉 Analysis:
The market structure in $RARE shows a fully bearish alignment across all timeframes, confirming prevailing selling pressure. The bearish MACD crossover (an impulse indicator that detects trend changes) together with an RSI of 36.49 (which measures the speed and magnitude of price changes) confirms weakness. With the price trading below the 20, 50, and 200 EMAs and a volume showing absorption from sellers, the downtrend remains in effect, although with an ADX of 15.3 (which measures trend strength; low in this case).
⚖️ Risk/Reward: 1:1.67
⏱️ Timeframe: 1H
📐 Technical confidence: 4/5
The invalidation level is set at the stop loss, protecting the position in case the support breakdown fails. The bearish thesis is validated as long as the price does not manage to consolidate above the resistance of $0.011985, while monitoring decreasing volume that suggests a lack of buying interest.
Do you think the price will manage to break the support of $0.011795 in the short term?
💡 This analysis is for educational purposes and not financial advice. Do your own research and decide calmly.
#crypto #RARE #trading #Futures #Bearish
🎯 Target: $0.011235. Is it still falling?
🎯 Trading levels:
🟢 Entry: $0.011985
🛑 Stop Loss: $0.012435
🏁 TP1: $0.011235
🏁 TP2: $0.011085
🏁 TP3: $0.010785
📉 Analysis:
The market structure in $RARE shows a fully bearish alignment across all timeframes, confirming prevailing selling pressure. The bearish MACD crossover (an impulse indicator that detects trend changes) together with an RSI of 36.49 (which measures the speed and magnitude of price changes) confirms weakness. With the price trading below the 20, 50, and 200 EMAs and a volume showing absorption from sellers, the downtrend remains in effect, although with an ADX of 15.3 (which measures trend strength; low in this case).
⚖️ Risk/Reward: 1:1.67
⏱️ Timeframe: 1H
📐 Technical confidence: 4/5
The invalidation level is set at the stop loss, protecting the position in case the support breakdown fails. The bearish thesis is validated as long as the price does not manage to consolidate above the resistance of $0.011985, while monitoring decreasing volume that suggests a lack of buying interest.
Do you think the price will manage to break the support of $0.011795 in the short term?
💡 This analysis is for educational purposes and not financial advice. Do your own research and decide calmly.
#crypto #RARE #trading #Futures #Bearish