#RUNE/USDT 1D (ByBit) Descending trendline fakeout

By TradingOn
Updated
THOR Chain is about to print an evening star deviation and RSI looks overbought, seems likely to retrace down to 200MA support.

⚡️⚡️ #RUNE/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Short)
Leverage: Isolated (3.2X)
Amount: 5.0%

Current Price:
1.649

Entry Targets:
1) 1.727

Take-Profit Targets:
1) 1.292

Stop Targets:
1) 1.945

Published By: @Zblaba

RRUNE #RUNEUSDT #ThorChain #DeFi

Risk/Reward= 1:2
Expected Profit= +80.6%
Possible Loss= -40.4%
Estimated Gaintime= 4-6 weeks

thorchain.org/
Trade active
ByBit USDT
#RUNE/USDT All entry targets achieved
Average Entry Price: 1.727 💵

RRUNE pulled back to entry and got rejected printing a hanging man, good start so far.

snapshot
Comment
⚡️⚡️ #RUNE/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Short)
Leverage: Isolated (3.2X)
Amount: 5.0%

Entry Targets:
1) 1.727 ✅

Take-Profit Targets:
1) 1.292

Stop Targets:
1) 1.727

Published By: @Zblaba

RRUNE is heading down nicely, already halfway to target, time to protect it adjusting SL to BE.

snapshot
Trade closed manually
ByBit USDT
#RUNE/USDT Stoploss ⛔️
Profit: -0.0% 📈

RUNEUSDT.P bounced back before reaching TP then printed a golden cross and kicked us out at entry.

snapshot
DEFIDEXlpMoving AveragesruneRUNEUSDTSupport and ResistancethorthorchainthorswapTrend Lines
TradingOn