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
RUNEUSD
#RUNE has catastrophic failure! But?RUNE had a catastrophic failure and in charts of days weve seen hammer on JUL 2021 and now its again. By taking low of RUNE as SL of hammer which is 3.244 with initial tgts of 4.1644 4.6444 and finally can reach 5.1118. Make sure they tend to fall much more so SL's is must!
So buying can be of CMP else if it breaks then 2.764 is near, (pfft, if it breaks hammerrrr)