๐จ$RARE /USDT Futures Trade Signal (1H Chart)
๐Technical Analysis:
RARE/USDT is showing a strong recovery after hitting a 24h low of 0.0614, now trading at 0.0641 (+1.58%). The price has broken above the EMA(7) at 0.0633, EMA(25) at 0.0630, and EMA(99) at 0.0630, indicating bullish momentum.
The recent spike to 0.0696 suggests strong buying pressure, but the pullback shows profit-taking. Volume is high at 155.49M RARE, supporting the move.
The price is currently testing resistance around 0.0646; a break above could target 0.0696 again.
Trade Signal:
Entry: Buy at 0.0641
Take Profit: 0.0696 (+8.6%)
Stop Loss: 0.0614 (-4.2%)
Leverage: 5x (adjust based on risk tolerance)
Risk/Reward Ratio: ~2:1
Note: Watch for a confirmed breakout above 0.0646 with volume. If the price drops below the EMAs, consider exiting early. Trade with proper risk management! ๐#RAREUSDT #Futures #CryptoTrading