๐ THORChain ($RUNE ) Bullish Momentum Building! Ready for the Next Move! ๐ฏ
๐น Current Price: $1.378 (+11.66%)
๐น Trend: Strong bullish momentum with potential for further gains.
๐ Entry Points:
โ Buy Zone: $1.30 โ $1.40
โ Breakout Entry: Above $1.45 (confirmed with strong volume)
๐น Key Support & Resistance Levels:
๐ก Support Levels: $1.30, $1.20
๐ Resistance Levels: $1.45, $1.60
๐ฏ Profit Targets (TP):
โ TP1: $1.50
โ TP2: $1.60
โ TP3: $1.75+
๐ป Stop Loss Strategy:
๐ Conservative SL: $1.30
๐ Aggressive SL: $1.20
๐ Market Insights & Technical Analysis:
๐ Current Trend: Despite recent price gains, TradingViewโs daily & monthly indicators show a โsellโ signal, suggesting mixed sentiment.
๐ Volume Trends: Monitoring trading volume is crucial to validate a strong move. A breakout above $1.45 with high volume can confirm the next bullish leg.
๐ฅ Pro Trading Tip:
๐น Wait for a confirmed breakout above $1.45 with strong volume before entering.
๐น Secure profits at TP1 & TP2, while keeping a portion of your holdings for TP3 in case of an extended rally.
๐จ Not financial advice. Do Your Own Research (DYOR)! ๐
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