superare

$RARE price has fluctuated,with key support levels found in the $0.09 to $0.15 range. Resistance levels can often be seen around the $0.18 to $0.20 range, where bullish momentum tends to kick start,NFT popularity also has significant effect on the price.

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Trade Analysis 49: Where is $RARE heading to?!

If you read my previous post on RARE, you will know that 2 weeks ago, RARE was the Hottest coin in Crypto that had risen 380% in just 3 days. Yet the sentiment turned Bearish in 1 week after, and now the price has dropped 54% from its All-time High.

Will the price continue to drop lower? Or might the price reverse soon? Is it a good time to buy low now? Or should we short Rare?

We know that users might have these questions in mind during their trade. Today we will analyze a few possible scenarios that might happen on RARE's price in the next few days to help you with your trade.

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1. Continue Drop.
If RARE's price continues to go lower, we can look at support levels of $0.13 and $0.09. The $0.09 support level is where the 300% rally began, so it might serve as a strong support or bullish reversal level. It might be a good opportunity to buy the dip at these support levels, but please do not allocate all your funds on this strategy as that's a risk of the price dropping further after your entry.

2. Pull Back.
Although the probability is smaller, we can't deny the possibility that the price might pull back quickly and strongly, challenging resistance levels of $0.175 and $0.185 subsequently.
If you are a short-term trader, you can try to go long on this quick rise and take profit at these resistance levels. However, if you are a long-term holder, then Scenario 3 might be more suitable for you.

3. Consolidation.
If RARE wants to start another rally, it will most likely need an extended consolidation period to accumulate more buying power first. What you need is patience in this scenario. Wait for the price to go to either scenario 1 or 2 first, create a higher low, and then gradually accumulate your chips.

That's it for today $RARE Trade Analysis. I hope this analysis help you make smarter trade decision.

Trade Smarter! Peace Out ;)
#RAREUSDT #RAREBULLISH #superare

🔥🔥 Trade Analysis 43: $RARE - to Buy or Not to Buy?

RARE is undoubtedly the hottest coin right now, having risen 380% in just 3 days since its initial launch on 15th Aug. I know many traders are FOMOing on $RARE right now and eager to enter; but please hold on, and read my analysis first.

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As seen in the 2H charts below, you can see price is having a Higher 2nd Top with Lower RSI on 18th Aug 1600. This is a sign of Bearish reversal and price dropped 31% right afterward.
After price consolidated around $0.021, price has had another 44% rally (from recent low $0.2011) to $0.2918 at the time of writing.

There are a few possible scenarios here:

1. Strong Rise:
If price rises above the previous High $0.3198 with Higher Volume & Higher RSI than 18th August, then you can consider chasing the High.

2. Weak Rise:
However, if price rises above $0.3198 with Lower Volume & Lower RSI, be careful on your trade as price might reverse anytime soon.

3. Strong Rejection:
If price has a strong rejection at the $0.3198 resistance level (with Red Bearish Candle), you might consider going short and taking profit at $0.020 or $0.014.

That's it for today $RARE Trade Analysis. I hope this analysis help you make smarter trade decision.

Trade Smarter! Peace Out ;)

#RAREUSDT #RAREBULLISH #superare
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