$RUNE /USDT - Technical Analysis & Trade Signal

Current Price: $4.872

24h Change: -4.09%

Technical Overview

Support Levels:

Primary Support: $4.85

Secondary Support: $4.60

Resistance Levels:

Primary Resistance: $5.10

Secondary Resistance: $5.30

Indicators Analysis:

RSI (Relative Strength Index): Neutral to oversold (~30), indicating potential reversal.

Moving Averages:

Short-term MA (15 EMA): Below price, indicating bearish pressure.

Long-term MA (50 EMA): Price approaching long-term support zone.

Volume: Increased sell volume indicates short-term bearish momentum.

Trade Setup

Momentum: Neutral to Bearish, with potential recovery near support zones.

Entry Zone:

Long Entry: $4.85-$4.90 (Upon bullish confirmation)

Short Entry: Below $4.85 (On breakdown with volume)

Targets for Long Trade:

🎯 Target 1: $5.10

🎯 Target 2: $5.30

🎯 Target 3: $5.50

Targets for Short Trade:

🎯 Target 1: $4.60

🎯 Target 2: $4.40

🎯 Target 3: $4.20

Stop Loss:

Long Trade: $4.70

Short Trade: $5.00

Trade Momentum:

Bullish Reversal: Watch for RSI recovery above 35 and price breaking $5.10 resistance.

Bearish Continuation: Price breakdown below $4.85 with high volume confirms further downside.

Note: Monitor BTC's price movement, as it may impact RUNE's momentum. Always apply proper risk management!

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