$RUNE /USDT chart analysis and Trade setup

Trend Analysis:

Uptrend confirmed: Price is making higher highs (H) and higher lows (L).

#Rune Strong bullish momentum is evident from the steep recent move upward and long green Heikin Ashi candles.

Peak profit marked at 7466.59% (100x) indicates a high leverage position or significant unrealized gains.

Support & Resistance:

Immediate resistance: Around 2.145–2.15, marked by previous highs.

Support zones:

1.87 (green EMA and horizontal level)

1.70–1.72 (trendline support and previous low)

Indicators & Patterns:

Green EMA is curling up, showing fresh momentum.

A breakout above horizontal resistance occurred.

Chart pattern suggests an ascending channel, with the upper boundary approaching 2.50.

Trade Setup:

Entry: On retest of 2.00–2.05 or break and hold above 2.15.

Targets:

TP1: 2.30

TP2: 2.50 (channel top)

Stop Loss: Below 1.87 or below recent low (1.70), depending on risk appetite.

Bearish Scenario:

If it fails to sustain above 2.15 and breaks below 1.87:

Short setup possible with targets around 1.70 and 1.50.

SL above 2.15 (rejected resistance).

Risk Management:

Consider scaling in near support zones.

Position sizing based on 2–3% capital risk.

Trade Here on $RUNE