$RUNE is trading around $1.830, following a recent 24-hour high of $1.935. After a strong upward rally, I’m now observing early signs of momentum fading. On the 30-minute chart, a series of bearish candles have started to print, indicating that a pullback could be on the horizon.
This shift in market sentiment has me watching closely for a potential short opportunity.
My Trade Plan
Entry Zone: $1.825 – $1.835
Target: $1.750
Stop-Loss: Just above $1.940 (previous swing high)
The recent price action suggests that buyers may be losing steam. If this pressure continues, I expect $RUNE to correct down toward the $1.750 support area, which has shown historical demand.
I'm not expecting a complete trend reversal just yet, but this zone offers a good opportunity for a short-term trade based on current technicals.
If we see a sustained break below $1.800, further downside could follow as the asset retests key demand levels.
> As always, manage your risk, set clear stop-losses, and never trade emotionally. Let’s see how this setup plays out!