$RUNE
/USDT BEARS DIG IN AS PRICE BREAKS BELOW KEY RANGE – FURTHER SLIDE LIKELY!
Market Outlook:
$RUNE/USDT has dropped to 1.294, losing over 3% in the last session and breaching key price support around 1.300. The pair is consistently printing lower highs from 1.390, signaling sustained selling interest. The weakening bid zone near 1.285–1.273 suggests more downside potential unless bulls step in strongly.
Immediate Market Move Explanation:
With price breaking and holding below 1.300, a crucial psychological and technical support, the market is signaling bearish continuation. Volume remains steady on the sell side, and lower support levels like 1.260 are now in sight. Momentum favors the bears, especially if price closes below 1.280 on higher time frames.
---
🔻 Trade Setup: SHORT Entry
Entry: 1.294
Take Profit (TP): 1.260 / 1.230
Stop Loss (SL): 1.312
---
Short Market Outlook:
Unless $RUNE quickly reclaims the 1.310–1.320 range, it’s likely to drift lower as sellers remain in control. Traders should watch for potential bullish divergence, but until then, short-term bias remains bearish.
#CryptoBearish #TechnicalAnalysis #CryptoTrading
buy and trade here on $RUNE
