RARE forming lower highs near supply
🔴 $RARE - SHORT
Trade Plan:
Current Price: ~0.01328
Entry Zone: 0.01365 – 0.01435
SL: 0.01485
TP1: 0.01230
TP2: 0.01140
TP3: 0.01030
RARE has been making lower highs while struggling near the supply zone. Volume has been declining during recent upward attempts, which is a typical sign of weakening momentum.
The structure on the 4H chart is shifting bearish. The Entry Zone 0.01365 – 0.01435 is positioned at the retest of broken support. Stop loss is placed above the recent high. Take-profit levels target the next demand zones below.
Conclusion: Lower highs combined with declining volume make SHORT the more favorable bias.
Would you short RARE near this supply zone?
Click below for trade 👇
DYOR & manage risk!
$RARE
🔴 $RARE - SHORT
Trade Plan:
Current Price: ~0.01328
Entry Zone: 0.01365 – 0.01435
SL: 0.01485
TP1: 0.01230
TP2: 0.01140
TP3: 0.01030
RARE has been making lower highs while struggling near the supply zone. Volume has been declining during recent upward attempts, which is a typical sign of weakening momentum.
The structure on the 4H chart is shifting bearish. The Entry Zone 0.01365 – 0.01435 is positioned at the retest of broken support. Stop loss is placed above the recent high. Take-profit levels target the next demand zones below.
Conclusion: Lower highs combined with declining volume make SHORT the more favorable bias.
Would you short RARE near this supply zone?
Click below for trade 👇
DYOR & manage risk!
$RARE