🚨 Update $RARE : Refused Explosive Spike! 🚨
$RARE saw a massive equivalent inflow, rising by more than 20% to a peak of 0.01828. However, the asset was strongly rejected, dropping to the current level of 0.01579.
📉 The 4-hour chart shows a long upper wick on the pump candle, indicating a strong rejection and profit-taking. This classic “explosive top” pattern suggests the rally has become exhausted.
🔍 Key Levels:
• Immediate resistance is the 0.01700 - 0.01800 zone.
• The most recent breakout base at 0.01300 is the target for immediate liquidity.
🎯 Trading Plan: Sell $RARE
We are looking for a sell on a retest of the resistance zone.
• Entry zone: 0.01650 – 0.01700
• Stop-loss: 0.01850 (above the pump’s high)
• First take-profit: 0.01400
• Second take-profit: 0.01250
• Third take-profit: 0.01100 (pre-pump base)
⚠️ Required Confirmation:
Wait for a clear bearish rejection candle (such as a shooting star or a bearish engulfing) on the 4-hour timeframe within the entry zone.
❌ Invalidate the Trade:
A 4-hour candle close above 0.01850 invalidates this sell setup and signals that the pump is continuing.
Protect your capital and wait for confirmation. 📉
$RARE saw a massive equivalent inflow, rising by more than 20% to a peak of 0.01828. However, the asset was strongly rejected, dropping to the current level of 0.01579.
📉 The 4-hour chart shows a long upper wick on the pump candle, indicating a strong rejection and profit-taking. This classic “explosive top” pattern suggests the rally has become exhausted.
🔍 Key Levels:
• Immediate resistance is the 0.01700 - 0.01800 zone.
• The most recent breakout base at 0.01300 is the target for immediate liquidity.
🎯 Trading Plan: Sell $RARE
We are looking for a sell on a retest of the resistance zone.
• Entry zone: 0.01650 – 0.01700
• Stop-loss: 0.01850 (above the pump’s high)
• First take-profit: 0.01400
• Second take-profit: 0.01250
• Third take-profit: 0.01100 (pre-pump base)
⚠️ Required Confirmation:
Wait for a clear bearish rejection candle (such as a shooting star or a bearish engulfing) on the 4-hour timeframe within the entry zone.
❌ Invalidate the Trade:
A 4-hour candle close above 0.01850 invalidates this sell setup and signals that the pump is continuing.
Protect your capital and wait for confirmation. 📉
