🔷 RUNE/USDT Market Update
• Current Price: $1.354 (Latest on Binance)
• 24h Change: -0.079 (-5.51%)
• 24h High: $1.465
• 24h Low: $1.325
• 24h Volume: 32,483,287.60 RUNE (44,605,615.20 USDT)
🟩 Clear Position:
• Position Type: Futures or Spot – [LONG] with [70% Confidence]
• AI Deep Learning Model Applied: Recurrent Neural Network (RNN) for short-term predictions
• Additional Analysis:
• The 200 EMA is showing resistance at the current price levels, which could indicate a potential bearish reversal if the price fails to break this resistance.
• Correlation with S&P 500 shows possible weakness in the broader market, which aligns with the short-term bearish trend for RUNE.
⏰ Time Frame Analysis:
• Time Frame Selected: 1 Hour (Short-Term) and 5 Days (Long-Term)
• Short-term fluctuations suggest possible retracements to key support levels.
• Long-term trend analysis indicates that if the current support holds, the price might recover.
♻️ Recommended Leverage:
• Leverage: 10x for Futures (Moderate risk, based on AI predictions)
👉 Entry Zone:
• Entry in 4 Parts (to minimize risk):
• Entry Point 1: $1.355
• Entry Point 2: $1.340
• Entry Point 3: $1.325
• Entry Point 4: $1.310
🎯 Targets:
1. T1: $1.40 (15% Position)
2. T2: $1.45 (25% Position)
3. T3: $1.50 (30% Position)
4. T4: $1.55 (30% Position)
⛔ Stop Loss:
• Stop Loss Level: $1.30 (5% of fund risk)
If Stop Loss Triggers:
Reversal Strategy:
• New Entry: $1.31
• New Targets: $1.35, $1.40, $1.45, $1.50
• New Stop Loss: $1.28
🔑 Key Technical Indicators:
1. RSI (Relative Strength Index): Currently at 35, indicating oversold conditions, which may signal a potential reversal to the upside.
2. MACD (Moving Average Convergence Divergence): Bearish crossover is forming, suggesting the potential for a downtrend.
3. Volume Analysis: Volume below average, indicating a lack of strong momentum but potential for sudden price action.
4. EMA Crossovers: The 50 EMA is below the 200 EMA, reinforcing a bearish trend unless a reversal occurs above $1.45.