RUNEUSDT trade ideas
RUNE broke the trendlineRUNE broke the trendline and is moving downwards. On 4HR TF, RSI & KDJ indicator also suggest that it can go down till 1.350-1.370 area and bounce from there.
DYOR before investing. Not a Financial advice.
The redlines below the current price 1.498 are areas where you can take profit step by step
RUNE: Breakout after BreakoutHello friends!
Few days ago I've put BINANCE:RUNEUSDT on my list cause I've seen it to be close to the breakout of the new short-term resistance formed on 1h TF. Interestingly enough, it had just broke out of the long going resistance level two weeks ago, went through the point of BoS (Breaking of structure) (by creating the new higher high after the one that has been under that previous resistance at 1.969) and by this moment it is creating the new Higher Low.
Again, interestingly enough, while forming the new lower low it is creating the new zone of interest by creating this new resistance I was talking about and actually breaking through it. At this particular moment, the breakout isn't yet totally confirmed cause it hasn't gone through the new BoS, but this point might be this new higher low.
So:
If you are risky enough, consider the Entry 1 Zone with the Stop Loss below the previous Low. In case if the Higher Low isn't yet catched, the price can go to the zone of $1.2-1. Consider re-entering at that point.
If you don't like the risk - wait until the break of structure will be confirmed and consider Entry 2.
First Targets will be within the fulfilling of the wick that led us to the previous BoS. Fulfilling it strongly will most probably lead RUNE to the next zone: $2.9-3.1
🚨 Trade Update: RUNE/USDT (5-10x)🚨 Trade Update: RUNE/USDT (5-10x)
📉 Short Entry: 1.425 - 1.505
OTE (Optimal Trade Entry): 1.459
SL: 1.559
B/E Move: When it moves close to TP2
TPs:
Short Term: 1.41 - 1.39 - 1.37 - 1.34 - 1.31 - 1.27
Mid Term: 1.20 - 1.12 - 1.02 - 0.92
**Disclaimer: Past profits do not guarantee future results.
Is there a risk? Of course. The whole financial market is subject to risk; any fundamental reason or sudden change in the market sentiment can reverse the current market dynamic and cause a loss. Do not take excessive risks which you cannot afford to lose. There is no obligation to take this trade; please avoid the trade if you disagree with the trade analysis.
EDK FORUM TRADING®
RUNEUSDTIf this labeling is correct, we can expect the short-term growth of this currency in the form of a hypothetical wave B.
It goes without saying that the current four-hour candlestick can be the final confirmation of this scenario..if it closes like this..
We know that wave B will be time-consuming and complex and can be in any form.
Trading in corrective waves is always associated with high risks and risks, so we must have capital management and a moving stop.
long rune ## Risk & Management
- 1% capital per trade.
- Move SL to breakeven at 1:1R
## Points of Interest
- Order blocks
- Major liquidity grab
## Framework
- On the 4H timeframe, gauge overall bias & locate major points of interest.
- When price enters a point of interest, drop down to the 15M or 5M timeframe.
- Wait patiently for price to purge liquidity within the point of interest.
- Wait for price to impulsively break structure & create imbalance.
- Enter at the order block responsible for the break of structure.
## Entries
- The OB caused a BOS.
- The OB is the extreme zone.
- The OB created clear imbalance.
- Liquidity has been clearly Identified.
Is #Rune going to fill M FVG?After significant pump, Rune faced strong rejection from W FVG at 2.012$
I expect, that the coin will continue its bearish move towards to 1.15$, where we have W FVG + D 100 ema, where it may bounce and continue going down to other strong support levels (green lines) that you can see on the chart ( black line no 1)
coin returns to be bullish again, only if after testing the support level at 1.15$ the coin will return to 1.5$ price level. (black line no 2)
RUNEUSDTThis is a 1D frame analysis for RUNEUSDT Analysis of the crypto market: After breaking the resistance line which is currently playing the role of a support line, the price has been able to experience a good rise and slightly move above the resistance line, however it was unable to sustain above it and take a corrective price action. Currently, if the price is unable to hold above the support line and fully consolidate below it, we can expect a pullback to the second support line. But if it is able to hold above the support line after the collision and show signs of market reversal, we can be with the price at the resistance line. Suggestion: If friends who have still bought this currency and are in loss, wait for the price to consolidate above the first support line and buy again on the support zone and take profit on the resistance zone so that they can reduce their loss or exit the trade with profit.
Rune Done Retracment and Now We Try Again a Buy Trade. Here is My Study On Rune.
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