Yello, Paradisers! Is RUNE about to explode or will it face a major rejection? Here's what you need to watch closely to avoid any costly mistakes.
💎Currently, RUNE is testing a critical resistance level at $7.7. A confirmed breakout above this zone will signal a bullish continuation, potentially opening the path for a mid-term rally towards our target major resistance area.
💎However, if RUNE faces rejection at $7.7, the price could pull back to the key demand area around $5.6. This level has acted as strong support before, and a successful bounce from here could reignite the bullish momentum.
💎But what happens if RUNE fails to hold at $5.6? Here's where caution is needed. Below the demand zone lies a key support trendline. If a breakdown occurs, this would trigger a bearish signal, increasing the probability of a move towards the next strong support area.
💎Looking back at RUNE's price history, the strong support area has been respected multiple times, making it a significant level to watch. Should RUNE retest this zone, there's potential for a rebound.
💎If RUNE closes a candle below $4.2, this would invalidate the bullish outlook. A breakdown here could lead to deeper losses, so stay cautious if price approaches this zone.
If you want to be consistently profitable, you need to be extremely patient and always wait only for the best, highest probability trading opportunities.
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