---$RUNE
đ Another Successful Prediction! RUNE/USDT Pumped As Expected! đ
Iâve always emphasized the importance of reading the charts and identifying key resistance and support levels. Today, Iâm excited to share a perfect example of how technical analysis can guide us to successful predictions.
The Setup:
A few weeks ago, I made a prediction on RUNE/USDT, suggesting that the price was in a consolidation phase and likely to break the resistance zone that had been holding it down. Looking at the first chart from September, we can see that RUNE was stuck in a downward trend, forming a pattern known as a falling wedge. This is often a bullish setup, signaling a potential breakout to the upside.
The price was hovering around the $4 range, under the clear resistance level marked in blue. This resistance had been tested several times, and it seemed like the market was gearing up for a move. I believed that once the price broke through this resistance, we would see a significant upward push. đ
The Breakout:
Fast forward to today â and what do we see? Just as predicted, RUNE broke out of the wedge, pushing higher and higher! Check out the second chart from October. The price has already climbed to around $5.39, marking a 51.78% increase from the previous lows! đ„
The breakout has been smooth and in line with the analysis I shared earlier. This was not just a random move â it was a calculated response to the market structure, confirming once again the power of technical analysis.
Key Takeaways:
1. Patience Pays Off: Itâs easy to get swept up in the short-term market fluctuations, but by focusing on the bigger picture and waiting for key breakouts, we can catch big moves.
2. Resistance Zones Matter: As we saw, once RUNE broke the resistance at $4.00, it triggered a surge upwards. Resistance and support zones are essential to predicting market behavior.
3. Technical Patterns Are Powerful: The falling wedge pattern is a clear example of how chart patterns often signal future price movements. Recognizing these patterns can provide an edge in the market.
4. Risk Management is Key: Always remember, no prediction is guaranteed. Proper risk management should always accompany trading. Never risk more than you can afford to lose.
Whatâs Next for RUNE?
Now that RUNE has broken through resistance, the next target could be higher levels, possibly reaching $6 or beyond in the coming weeks. But we must keep an eye on the market and look for any signs of exhaustion or reversal.
If you followed along with this analysis and entered around the $4 range, congratulations on your profits! đ
Letâs keep the momentum going. Stay tuned for more updates and in-depth analysis on upcoming trade setups. đ
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