$RUNE /USDT – Channel Bound Play: Potential Long and Short Entries Unfolding!

The RUNE/USDT 15-minute chart shows clear support and resistance levels within a well-defined ascending channel. This setup provides excellent opportunities for both long and short positions, depending on price action at these critical levels.

• Support Zone: The lower channel support is at 5.10 USDT, offering a potential bounce area. If price holds here, it could initiate a new upward move within the channel.

• Resistance Zone: The upper channel resistance lies around 5.25 USDT, a key breakout point. A breach of this level could trigger a strong rally, targeting 5.30 USDT and beyond.

Potential Trade Entries:

1. Long Entry: Enter around 5.12 USDT near the support zone with a tight stop loss at 5.05 USDT. Targets: 5.20 USDT, 5.25 USDT, and 5.30 USDT for quick profits.

2. Short Entry: If price rejects the resistance near 5.25 USDT, consider shorting with a stop loss at 5.28 USDT. Targets: 5.17 USDT, 5.10 USDT, and potentially lower toward 5.00 USDT.

The current setup is a battle between bulls and bears within the channel. Stay vigilant for breakouts or breakdowns at these key levels for explosive moves!

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