RUNEUSDT trade ideas
Runeusdt Big Buy opportunity RUNE has exhibited a bullish breakout from its prevailing downtrend resistance. This shift often indicates the potential commencement of a new upward trend or, at the very least, a temporary bullish phase.
Notably, we're anticipating a potential pullback towards the recently breached trendline. Historically, a retest of such a trendline after a breakout can provide a robust buying opportunity. If the price does revisit the trendline and respects it as a newfound support, it would pose an excellent buy opportunity. It's expected that the trendline will act as a strong defensive line against any bearish push.
The upside target for this potential long setup has been marked on the chart. As always, it's vital to ensure you have a clear exit strategy in place.
Ensuring proper risk management is critical. Keep a keen eye on the price action as it approaches the trendline. Should the price close beneath the trendline, it would likely invalidate our bullish outlook, suggesting the need for a strategy reassessment.
RUNE SCALP SHORT, STILL BULISH FOR LONGin the analysis below I have shown two scenarios that I see (the link will be in the description) rejection from 2.2 or continuation of filling all levels up to 3.35.
Since the second scenario happened, I expect a slight cooling to at least 2.7, and if it is risky to short the upward trend, Daily divergence on RSI is displayed and at 4H it is already taking place.
I remain bullish on this coin, but I will certainly try to hedge position
RUNE - the power of thor (god of market making)RUNE - the power of thor (god of market making)
yeh so RUNE was an absolute beast last run. like FTM. and SOL and a few others.
these beasts did 100x+
naturally i am playing their return pumps.
RUNE also, uniquely, has an interesting real world appeal. a defi system that is able to run independently of central regulation choke points. this is going to be a big deal as regulators and big bankers come into take control of this market. and they will. this token embodies some of the original cyber punk ideals that actually bought some of us in. i understand now its all about the pump but back then most of us loved the idea of crypto smashing the shackles of the everyday person allowing us to p2p money with strong fundamentals by way of solid algo and decentralization.
anyway i do like RUNE . lfg degens
Dont RUNE it! Elliottwave count. If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better!
Leaning on this count for now.
A return to 3$ would be Ideal if it turns here.
Cheers!
#RUNEUSDT #LQR #TOBTC #LaqiraProtocolThe price is close to its daily resistance after crossing the important resistance of $3. If the price is corrected. you can look for reasons to enter after confirmation according to your own personal strategy in certain support zones. This analysis is a personal point of view and it is not an offer to buy or sell.
RUNE ShortThis is my trade righ now. Entry at $2.801..looking to go $2.7 ...retest at $2.87..and so on..dropping to the 0.618 Fibb. This is a bearish scenario...but even if it is a bull market happening we will still see the lows of $2.3
Again this is my take on this coin...I am short on it. Please be kind with comments.
We all need to start somewhere.
Thank you Trading View Community
RUNE │ LONG │ 31.10.2023BINANCE:RUNEUSDT.P
Comment
In fact, this situation is not standard for me, but there is something that seems special. Normally, when an instrument experiences a significant increase over a short period, a typical reaction to such growth is a correction. However, I do not see this behavior in the instrument. Instead, I observe an unusual pattern where the instrument starts consolidating. Such behavior indicates the intention of the instrument to move in the same direction as before. Another strong signal for a breakout is that despite BTC and the broader market gradually moving lower, our instrument is gradually moving higher. This suggests that there is a strong presence in this instrument that can go against the crowd.
A day trader's task is to try to find traces of a major player, understand what they are doing, and where the instrument is likely headed, then join them. In this case, I'll be joining the buyers.
If the price starts to sharply decline, I will cancel the order and monitor the price throughout the day to see if it resumes an upward move or if I should remove the instrument from my watchlist.
Signals for level breakout
consolidation near the level;
there is no reaction to a strong instrument movement;
there is a reserve of technical ATR;
the instrument is not following the market.
Signals against breaking the level
there is little ATR remaining;
Order parameters (risk-to-reward ratio = 1 to 3)
Open : 2.8322640;
Stop loss : 2.8159440;
Take profit :35.8972240;
Disclaimer
Every trader should make their trading decisions based on their own analysis and circumstances. The signals in this channel should be considered as an additional tool for your own consideration.
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RUNE - Thor chain breaking stage 1 THORChain is a decentralized liquidity protocol that allows users to easily exchange cryptocurrency assets across a range of networks without losing full custody of their assets in the process.
The levels to monitor are 2$ and 3$ as a potential entry and target point.
RUNE about to pump like GAS and CYBERRUNE UPDATE: RUNE created rounding bottom so far and currently facing supply zone…. In short, I’m expecting a healthy pullback to 2.27 and I will long and buy in spot from there but market is so bullish now and nothing is ready to do any correction as they are all holding onto there support….
Anyways, if RUNE did decided to do a little correction or not… What I know is that once RUNE breakout from 3.438 on daily TF and flip it to support…. Nothing can stop it not to see $7
So, keep in watch for a good run up
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