Altcoin Watch :
FIL, PENDLE, and RUNE Rebound from the $5 Level!
#runecoin #FIL🧿 #PENDLE🔥🔥 #Write2Earn! #BinanceSquareFamily
FIL/USDT Analysis
Key Levels :
Support : $5
Target : $10 (psychological level)
FIL has broken structure and is retesting the $5 support level.
A successful bounce from this support could trigger a long opportunity with potential upside to $10.
PENDLE/USDT Analysis
Key Levels :
Support : $5 and the lower green trendline.
Target : $7 (upper channel resistance).
PENDLE also broke the $5 structure and is retesting support at a key trendline.
A rebound here aligns with a channel trend-following strategy, targeting $7.
RUNE/USDT Analysis
Key Levels :
Support : $5
Target : $10
RUNE's price action mirrors FIL, with a $5 retest signaling a potential long trade.
Trend-following longs may target $10, a significant psychological resistance.
Conclusion & Key Resistance Levels :
FIL : Support at $5, resistance at $10.
PENDLE : Channel lower bound at $5, upper resistance at $7.
RUNE : Support at $5, resistance at $10.
These altcoins present clear trend-following setups with strong risk-reward profiles.
Pro-Tip for Investors :
Risk Management :
Set tight stop-losses below $5 to minimize downside risks.
Volume Confirmation :
Ensure higher trading volume accompanies rebounds to confirm breakout reliability.
Patience Pays :
Round-number retests often require time before a decisive move materializes.
