RUNE/USDT: A Bullish Breakout or a Fake Move?

10 hours ago

Yello, Paradisers! RUNE/USDT is showing significant signs of strength, with a bullish Change of Character (CHoCH) and a Break of Structure (BOS). Adding to the optimism, the formation of an Inverse Head and Shoulders pattern paired with bullish divergence increases the probability of an upward move. However, key levels and confirmations are critical to validating this potential bullish scenario.

💎If RUNE/USDT successfully breaks above the resistance zone and closes a candle above it, the pattern will be validated. This would strengthen the bullish narrative and increase the likelihood of further upward momentum.

💎In the event of a pullback, we can expect a bounce from the bullish Order Block (OB) zone. For added confirmation, observing an internal CHoCH (I-CHoCH) on lower timeframes will help increase the probability of a sustained bullish move.

💎Should the price break below the bullish OB zone and close a candle beneath it, the bullish idea would be invalidated. This breakdown would signal a shift in market sentiment, requiring traders to adjust their strategies accordingly.

Paradisers, remember the importance of discipline and patience in these moments. Always wait for confirmations before executing trades, and maintain strict risk management. Consistency is the cornerstone of long-term profitability in this market. Stay smart, focused, and strategic.

MyCryptoParadise
iFeel the success🌴