$RUNE is Heating Up: $1.5K Shorts Liquidated at $1.658 – What’s Next?
The bears just took a hit. A wave of short liquidations worth $1,504.8 was triggered as RUNE surged to $1.658. This marks a key breakout moment – and signals something much bigger could be unfolding.
Technical Analysis:
Current Price Action
$RUNE has broken above resistance with strong volume, sweeping out short positions and flipping the $1.65 zone into a potential support. Momentum is favoring bulls – but caution is key.
Trade Setup:
Buy Zone:
$1.58 to $1.63
(Wait for a slight pullback or consolidation above $1.60)
Targets:
• First Target: $1.72
• Second Target: $1.86
• Final Target: $2.05
(Strong resistance and profit-taking expected above $2.00)
Stop Loss:
$1.53
(Keep it tight below previous support zone and recent higher low)
Conclusion:
$RUNE just gave a warning shot to short sellers. If momentum continues and the $1.65 level holds, the next wave of bullish action could push it above $1.80 in the short term. Watch volume, and don’t chase. Let the setup come to you.