Trading Idea - #RARE #CRYPTOincreasing social media mentions seems to confirm a BUY signal at the current support level!
Target1 = 2.00 USD (profit +25%)
Target2 = 2.50 USD (profit +50%)
Stop = 1.20 USD
RAREUSDT
RARE/USDT { SUPERRARE } - BULLISH SETUPANALYSIS 🔎
- RARE/USDT is bounded in the falling wedge pattern.
- A falling wedge pattern is a bullish reversal pattern.
- There's a breakout potential above the falling wedge resistance
BUY ENTRY ⬆️
- Market entry: current market price.
- Stop limit entry: breakout above the falling wedge's resistance.
- Limit entry: test of the falling wedge's support.
TARGETS 🎯
- Horizontal resistance level (@2.049).
- Horizontal resistance level (@2.150).
- Horizontal resistance level (@2.500).
- Horizontal resistance level (@2.761).
SETUP INVALIDATION ❌
- Breakdown below the falling wedge's support.
