Is RUNE Recovering? ๐๐
RUNE's price dropped sharply but is now slightly recovering. It hit a low of $1.344 and is currently around $1.381.
Market Analysis:
Trend: The price was falling but is now bouncing back.
Key Levels:
Short-term resistance: $1.383 (7-day moving average)
Support level: $1.371 (25-day moving average)
Strong resistance: $1.419 (99-day moving average)
RSI (Relative Strength Index): 52.689, meaning the market is neutral (not overbought or oversold).
Trading Strategy:
Buying (Long Trade):
Entry: Buy above $1.38 - $1.385 (to confirm upward movement).
Stop Loss: Below $1.344 (to limit losses).
Profit Targets:
$1.40 (first resistance level).
$1.42 (stronger resistance).
$1.49 (24-hour high).
Risk vs. Reward: A trade at $1.385 with a stop loss at $1.34 risks -3.5%, but aiming for $1.42 or $1.49 could bring higher profits.