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Runeanalysis

Rune Thorchain Bullish Setup & Crypto Commentary - Rune is currently trading at 5.5$ - Market Structure has so far remained Bullish where we can see a continuation of higher highs and higher lows - Spot buyers can easily expect Rune to pierce 6-6.5$ soon. - Long Term targets can be 7.8-11$ - Bitcoin has a high chance of filling its Fair Value Gap and mitigating 62,000$ if that scenario gets fulfilled - Accumulation Zones for Rune in a DIP - 4.1-4.6$ - Manage risk and do not FOMO for entries and get trapped in late buying
Long
by VKtradesimbalance
RUNE: Bullish Breakout Signals Potential Upside Momentum💎 RUNE has broken out of the descending channel and has also shown BOS (Break of Support). Currently, we are anticipating a pullback to the Bullish OB (Order Block) zone. 💎 In order to confirm the bullish momentum, we need to see strong green candles, preferably bullish engulfing candles. It's worth noting that the Bullish OB levels are supported by the 200 EMA (Exponential Moving Average), adding further confidence to bullish traders. 💎 Moreover, upon analyzing the chart of RUNEUSDT in a larger timeframe, we can observe a potential formation of a bullish flag and pole pattern. 💎 However, in the event of a breakdown below the Bullish OB level, it would be prudent to avoid seeking opportunities against the prevailing market trend.
by MyCryptoParadise_Nathan