$RUNE
$RUNE Technical Analysis
Trend: Strong bearish momentum (-31.84% in 24h).
Support: $1.386 (recent low).
Resistance: $1.561 (immediate), $1.788 (next key level).
Indicators:
Volume: High selling pressure.
MACD: Bearish crossover, indicating downward continuation.
RSI: Likely oversold, suggesting potential short-term bounce.
Conclusion: Downtrend dominant; possible relief bounce before further decline.
Trade Setup
Scenario 1 – Short Trade (Trend Continuation)
Entry: $1.52 - $1.53 (on rejection from resistance)
Take Profits (TP):
TP1: $1.45
TP2: $1.40
TP3: $1.38 (support test)
Stop Loss: $1.57 (above resistance)
Scenario 2 – Long Trade (Reversal Play)
Entry: $1.39 - $1.42 (bounce from support)
Take Profits (TP):
TP1: $1.50
TP2: $1.56
TP3: $1.61 (major resistance)
Stop Loss: $1.37 (below support)
Alternative Approach:
Scalp Strategy: Buy dips near $1.40, sell at $1.52-$1.55 with tight SL.
Breakout Trade: If price breaks $1.56 with volume, long toward $1.78.