Market Update on $RUNE
RUNE is currently trading at $3.807, reflecting a 13.07% increase over the last 24 hours. The 24-hour high of $3.822 underscores strong bullish momentum with a consistent upward trend.
Trading Levels and Strategies
Short Entry Plan (in case of a price pullback):
Entry Range: $3.750 – $3.770
Target 1: $3.680
Target 2: $3.620
Stop Loss: $3.850
Long Entry Plan (if the uptrend continues):
Entry Range: $3.820 – $3.850
Target 1: $3.900
Target 2: $3.970
Stop Loss: $3.740
Technical Analysis and Observations
RUNE is nearing a critical resistance level at $3.822. A breakout above this zone could accelerate gains toward $3.900 and higher. Conversely, a rejection at this resistance may present an opportunity for short positions targeting $3.680.
Risk Management Recommendations
Partial Profit Strategy: Secure partial profits at Target 1 to minimize risk.
Trailing Stop Loss: Adjust your stop loss to protect gains as the price approaches Target 2.
By adhering to disciplined risk management, traders can optimize returns while minimizing potential losses. Stay vigilant as RUNE approaches this critical price zone.
