Rune 1W Analysis: - Rune has shown an impulsive move staggering gains of around 200-250% from our entry - Rune currently is at a weekly supply - Mitigation of that weekly supply can lead to a 20-50% retracement. - IMO Rune can first pierce the weekly supply trap Buy side liquidity and then start dropping. - Do not FOMO here rather just observe and try to be a...
Take Long at Live price 2.160 Target and Stop Loss given in the chart Happy Trading
- Rune has corrected down from its ATH of ~$21.5 to the bottom of the channel at $3 - It then broke out of the downtrend on Oct22-23 (first green arrow) - It has formed a double bottom as on 19th Nov - Showing strength for a long term hold Can expect a 5X based on Fib 4.23 towards Dec-Jan