$RUNE $RUNE

$RUNE /USDT Short Analysis

Current Price: $4.535

24h High / Low: $5.032 / $4.218

24h Volume: 23.44M RUNE (105.68M USDT)

Percentage Change: -9.48%

Technical Indicators Overview

MA(7): $4.527 (near current price, indicating short-term support)

MA(25): $5.126 (major resistance level)

MA(99): $5.320 (long-term resistance)

Key Resistance and Support Levels

Immediate Resistance: $4.80 (psychological level and close to the MA(7))

Major Resistance: $5.126 (the MA(25) level, indicating a significant barrier)

Immediate Support: $4.218 (recent low and strong support)

Secondary Support: $4.10 (psychological level for further downside)

Short Position Strategy

Entry Zone: $4.50 - $4.53 (entering around the current price near support)

Profit Targets:

Target 1: $4.30 (short-term target for a quick profit)

Target 2: $4.218 (key support level)

Target 3: $4.10 (psychological support level for extended downside)

Stop-Loss: $4.80 (above immediate resistance and MA(7) to limit risk)

Analysis Rationale

RUNE is currently experiencing significant selling pressure, reflected in its 9.48% decline. The price has found short-term support near $4.527 (MA(7)), but given the bearish momentum, a short position is warranted. Entering around $4.50 - $4.53 provides a good risk-to-reward ratio, with a stop-loss at $4.80 to protect against a potential upward reversal. The first profit target at $4.30 is realistic given the current market conditions, with subsequent targets at $4.218 and $4.10 for potential further downside.

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