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RAREUSDT trade ideas

SuperRare (RARE) - 100x opportunityOn the above 1-day chart price action has corrected 90%+ since October last. A number of reasons now exist to be long, including: 1) The ‘incredible buy’ signal prints. 2) Price action and RSI resistance breakouts. 3) Volume . I don’t know why, there’s a lot of accumulation on various exchanges for this token over the last month. Someone knows something I don’t. 4) Everything that was said above also applies for the BTC pair (see 1-day chart below). 5) This is a ‘what if’ list token and already has met the required conditions. See 2-day BTC pair below. Double ‘IB’ signals! Is it possible price action falls further? Sure. Is it probable? No. Ww Type: trade Risk: <=6% of portfolio Timeframe: 4 to 9 months Return: 100x 1-day btc chart 2-day BTC pair ‘what if’
Long
by without_worries
246
RAREUSDT IS AT REVERSAL ZONE READ DESCRIPTIONCertainly! Let's delve into the potential trade setup for RAREUSDT: 1. **Market Analysis**: RAREUSDT is currently situated within a buying and demand zone, spanning from 0.177 to 0.188. This zone typically attracts significant interest from big investors, whales, and major players, who tend to accumulate long positions in anticipation of a potential price increase. The presence of these large orders indicates a strong level of buying interest in this area. 2. **Price Action Analysis**: The price action analysis confirms that RAREUSDT is currently within a demand zone. Demand zones are areas where buying interest exceeds selling pressure, often leading to price reversals or significant price increases. This suggests that buyers are actively participating in the market at these levels, supporting the bullish bias. 3. **Trading Conditions**: To initiate a trade, specific conditions need to be met. Firstly, a bullish candlestick formation originating from the buying zone serves as a signal for potential bullish momentum. Secondly, confirmation of the bullish sentiment occurs when the price breaks above the volume moving average, indicating strong buying pressure and validating the upward move. 4. **Technical Indicator Analysis**: All technical indicators are providing strongly bullish indications. These indicators, which may include moving averages, oscillators, and momentum indicators, collectively suggest a favorable environment for long positions. This alignment of technical signals strengthens the bullish bias and supports the potential for an upward price movement. 5. **Risk Management**: Effective risk management is crucial for successful trading. Traders should consider implementing stop-loss orders to limit potential losses if the trade moves against expectations. Additionally, monitoring the trade closely and adjusting positions as necessary can help manage risk effectively. 6. **Market Psychology**: Understanding market psychology is key. The presence of a buying and demand zone, combined with the bullish price action and technical indicators, indicates increasing optimism among traders. This optimism could further reinforce the bullish momentum and attract more buyers into the market. In conclusion, the trade setup for RAREUSDT presents a compelling opportunity for long positions based on a combination of market analysis, price action, and technical indicators. However, prudent risk management and ongoing monitoring of market conditions are essential to navigate the trade effectively and maximize potential returns.
Long
by MOAZAM1133
RARE ANALYSIS🚀#RARE Analysis : Pattern Formation 🔮As we can see in the chart of #RARE that there is a formation Inverse Head And Shoulder Pattern and it's a bullish pattern. If the candle closes above the neckline then a bullish move could be confirmed✅️ 🔰Current Price: $0.3441 🎯 Target Price:    $0.1798 ⚡️What to do ? 👀Keep an eye on #RARE price action. We can trade according to the chart and make some profits⚡️⚡️ #RARE  #Cryptocurrency #TechnicalAnalysis  #DYOR
Long
by ZEUS_Market_Alerts