$RUNE Alert: Short Liquidation Spotted at $6.7568!
Massive liquidation of $5,371 signals high volatility on $RUNE as it trades near $6.75. Such liquidations often lead to unpredictable moves, so traders need to stay sharp! Here's the breakdown:
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What’s Next for $RUNE?
The recent short liquidation indicates buying pressure could be stepping in. Here's a potential strategy:
Buy Zone:
If price dips, strong buying interest is expected between $6.20 - $6.40. This zone has shown support in previous corrections.
Targets:
1. $6.90 - Close to current resistance.
2. $7.30 - A breakout above this could signal a bullish rally.
3. $8.00 - Psychological level and next major resistance.
Stop-Loss:
To minimize risks, place your stop-loss below $6.10. A break below this level could signal further downside.
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Market Sentiment
Bullish Catalyst: A wave of liquidations often attracts new buyers. If $RUNE holds above $6.75, momentum could build quickly.
Bearish Warning: Watch for a rejection near $6.90-$7.00, as sellers could defend this level aggressively.
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Pro Tip
Stay cautious—volatility is both an opportunity and a risk. Use proper risk management and wait for confirmation of price action before entering trades.
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