$RUNE ’s Key Support Retest: Break or Bounce Opportunity
$RUNE is trading at $6.83 on the 15-minute chart, struggling to maintain momentum after a sharp decline from its recent high of $7.13. The price is hovering just above the key support level at $6.80, a zone critical for bulls to defend. If buying pressure picks up, RUNE could stage a recovery, targeting immediate levels of $6.90 and $7.00, with a stretch goal of $7.13.
For a precise trade setup, consider entering around $6.83, with stop-loss protection placed at $6.74 to minimize downside risk. If RUNE fails to hold support and breaks below $6.80, it may slide toward the next support zone at $6.67.
With RSI showing signs of recovery from oversold territory and MACD nearing a potential crossover, traders should closely watch for confirmation of a bounce or further breakdown. This setup presents a strategic opportunity for both long and short plays depending on price action at key levels.