$RARE short — Parabolic rejection, targeting the moving averages 🩸
RARE went parabolic today, pumping +41% to a high of $0.0153 before facing a sharp rejection. The order book has now flipped bearish with a 61% ask wall dominating the sellers. The price is heavily overextended from its moving averages. A clean 1H close below the $0.0115 local support will confirm the retracement.
Entry: 1H close below $0.0115
SL: Above $0.0135 (Recent consolidation high)
Target 1: $0.0095 (MA99 support)
Target 2: $0.0090 (MA7 support)
If price reclaims $0.0135, the setup is invalid — cut your losses.
$RARE
DYOR. NFA. Parabolic pump reversals are highly volatile, use strict risk management.
#RARE #SuperRare #TradeIdea #TradingPsychology
RARE went parabolic today, pumping +41% to a high of $0.0153 before facing a sharp rejection. The order book has now flipped bearish with a 61% ask wall dominating the sellers. The price is heavily overextended from its moving averages. A clean 1H close below the $0.0115 local support will confirm the retracement.
Entry: 1H close below $0.0115
SL: Above $0.0135 (Recent consolidation high)
Target 1: $0.0095 (MA99 support)
Target 2: $0.0090 (MA7 support)
If price reclaims $0.0135, the setup is invalid — cut your losses.
$RARE
DYOR. NFA. Parabolic pump reversals are highly volatile, use strict risk management.
#RARE #SuperRare #TradeIdea #TradingPsychology