$RAIN #RAIN 📉
Direction: SHORT
Entry zone: 0.004646 to 0.004664
Stop loss: 0.004725
Target 1: 0.004562
Target 2: 0.004492
RAIN is trading near 0.004655 dollars, down 11.57 percent in 24 hours, the weakest name in the top 100 today, inside a range of 0.004579 to 0.005247 dollars, and the recent closes show a small bounce off the low that is already fading, 0.00460488, then 0.00459271, then 0.00462052, then 0.00463482, then 0.00465509. 🔴 My reading is that RAIN is leading the downside because it fell almost ten times as much as Bitcoin while the market is in fear ahead of CPI, and a coin that weak usually keeps sliding until Bitcoin finds a floor. A short from the current zone, with a stop above 0.004725, targets 0.004562 first and then 0.004492 if sellers push toward the range low. A move above 0.004725 kills the idea without debate.
Futures trading is risky. Trade small, use a stop loss, and do your own research. This is my reading, not a guaranteed signal.
Does RAIN fall to 0.004562 first, or bounce above 0.004725? 🤔
Follow for more trades.
#Rain #Crypto #FuturesTrading #TradingSignals
Direction: SHORT
Entry zone: 0.004646 to 0.004664
Stop loss: 0.004725
Target 1: 0.004562
Target 2: 0.004492
RAIN is trading near 0.004655 dollars, down 11.57 percent in 24 hours, the weakest name in the top 100 today, inside a range of 0.004579 to 0.005247 dollars, and the recent closes show a small bounce off the low that is already fading, 0.00460488, then 0.00459271, then 0.00462052, then 0.00463482, then 0.00465509. 🔴 My reading is that RAIN is leading the downside because it fell almost ten times as much as Bitcoin while the market is in fear ahead of CPI, and a coin that weak usually keeps sliding until Bitcoin finds a floor. A short from the current zone, with a stop above 0.004725, targets 0.004562 first and then 0.004492 if sellers push toward the range low. A move above 0.004725 kills the idea without debate.
Futures trading is risky. Trade small, use a stop loss, and do your own research. This is my reading, not a guaranteed signal.
Does RAIN fall to 0.004562 first, or bounce above 0.004725? 🤔
Follow for more trades.
#Rain #Crypto #FuturesTrading #TradingSignals
