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$RARE has been performing quite interestingly recently. After a 17% volume surge, it stabilized at a high level, with open interest increasing simultaneously. What does this combination of signals usually indicate? It's not a short squeeze, but rather strong buyers gradually accumulating.
From the candlestick chart, the simultaneous surge in price and OI (open interest) has confirmed the authenticity of the buying pressure. Although there has been a pullback in the current consolidation zone, the selling pressure at the LTF level was quickly absorbed, indicating that the bulls still have good control. As long as the price can stay above the breakout area, the probability of continued momentum is relatively high.
If you want to participate in this wave, the entry range can be considered between 0.0278 and 0.0285. Set a strict stop loss at 0.0265 for clearer risk management. Regarding targets, first look at 0.0310, and if it breaks through smoothly, then aim for 0.0340.
The technical confirmation is quite good, but the volatility of the crypto market always exists, so risk management is always the top priority.