🚀 $RUNE /USDT Technical Analysis & Trade Signal: Short-Term Bounce or Break? 🎯

Current Price:

$3.305 (Down by -11.82% over 24h)

Key Insights:

Bearish Short-Term Momentum: Watch for a potential bounce at key support levels.

RSI at Oversold: A potential rebound is on the horizon if the support holds.

Support & Resistance Levels:

Support Zone:

$3.162 (24h low, key support level)

$3.00 (psychological support)

Resistance Zone:

$3.50 (Immediate resistance)

$3.70 (Next resistance level)

$3.90 (Major resistance)

Trade Signal:

Buy Entry:

Entry Point: Around $3.17

Stop Loss: $3.05

Take Profit Targets:

Target 1: $3.50 (Immediate resistance)

Target 2: $3.70 (Next resistance)

Target 3: $3.90 (Higher resistance)

Sell Entry:

Sell Entry: If the price drops below $3.17

Stop Loss: $3.20

Target for Short: Watch for a bounce near $3.05

Momentum Overview:

Bearish in the Short-Term: Expect further downside if key support at $3.17 fails to hold.

Bullish Reversal Potential: Watch for a breakout above $3.50 for a longer-term move towards $3.80.

Summary:

Look for a buy near $3.17 for a potential short-term rebound.

Stay cautious with a stop loss to protect against further downside.

Let me know if you need more adjustments or additional insights!

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