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RARE / TetherUS

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RAREUSDT trade ideas

RAREUSDT"As we enter the bullish season, the initial target to aim for is target : 1.2 🎯. This is based on a combination of technical analysis indicators and market trends. However, it's important to approach trading with caution and adapt to changing market conditions. Keep an eye on key support and resistance levels, as well as any significant news or events that may impact the market. Remember to use proper risk management techniques and consider setting profit targets along the way. Happy trading!"
Long
by MKO_Trading
7
RareUsdt weak future compared to other altsBased off of a significant retrace of over 98% setting new all time highs are unlikely and one should be targeting retraces only during the next cycle. My aim for this one is the range between 0.618 and 0.702 with possible overperformance of .786 which is : .60c .73c $1.0 Long from now can yield a x10 gain but better projects are available for similar to higher gains with less risk. Cons for RARE has been *Inflation and dilution - extreme token dilution throughout with little to no buying pressure and volume *Marketing - poor and big players withdrawing *Market cap - started pretty high and got sold off with the new tokens flooding the market and market health wasn't helping throughout Pros (not many) * All time low set 28 days ago (can be seen as a con as BTC has been in a bull market since beginning of 2023) *Dilution over 50% now so tokenomics not as bad as before *98% correction and not significant retrace yet
Long
by Andy1GP
1
Brief Analysis ——RAREToday we selected 3 NFT-related tokens which have listed on Binance. They are APE, RARE and BNX. RARE is one of the most famous NFT marketplace. But Its token performance in 2023 is not terrible. The rise at the beginning of 2023 only covered the loss after the FTX event in 2022, and then the price began a long-term fall. There are many upward pin-bars during the fall. The bulls was weak, and the rebound was low. In early June, the price fell below the 2023 low. The rise that started in mid-June was still weak, but the good thing is that RARE did not fall after the rebound, but continued to fluctuate for nearly a month. Recently, the price has approached the lower rail of the range (green dotted line), trading volume has gradually shrunk, and the power of bears has decayed. Conclusion: Mostly fluctuation, and the probability of falling is greater than that of rising. The gap between bulls and bears is narrow. However, RARE remains bearish on a large scale, so we retain the possibility that the price will continue to fall after the fluctuation. We set resistance level at 0.09 and support level at 0.06. If you have any ideas, welcome to communicate with us:) Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies. Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
Short
by Sypool