This correction is healthy because it came after a sharp expansion candle, $NOT a breakdown. Price pushed aggressively, grabbed liquidity, and then pulled back in a controlled way. That tells me this move needed a pause, not a reversal. I’m watching how RARE is digesting that spike instead of giving it all back.

After tapping the 0.0310 area, price corrected into a zone where buyers already stepped in before. They’re building strength here — the candles are tightening and selling pressure is fading. This looks more like accumulation after impulse rather than distribution.

Trade Setup I’m watching:

Entry Zone: 0.0285 – 0.0292

This zone is strong because it was previous resistance that got flipped into support during the breakout. Price is also holding near the 0.5 retracement of the impulsive move from 0.0272 to 0.0310, and we’re seeing multiple reactions here.

Target 1: 0.0305

First reaction high where price paused before the spike rejection.

Target 2: 0.0330 – 0.0335

This is the liquidity zone and prior 24h high. If momentum builds again, this is the natural continuation area.

Stop Loss: 0.0272

If this level breaks, the entire impulse base fails and the setup is invalid.

I’m watching how price behaves inside this range. If this level holds, buyers stay in control and continuation becomes likely. The way price is holding tells me they’re preparing for another push.

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