$RUNE /USDT Trading Signal - Oversold Territory, Reversal Ahead?
$RUNE/USDT is trading at 1.914, down 12.08%, indicating strong bearish momentum. The price is approaching oversold levels, hinting at a potential reversal if key support holds.
Entry Range: 1.880 - 1.920
Target 1: 2.020
Target 2: 2.150
Stop Loss: 1.840
Market Overview:
After reaching a high of 2.287, $RUNE experienced a steep decline, bottoming out at 1.882. The price is now hovering around a critical support zone. If buyers step in at these levels, a short-term rebound towards 2.020 and 2.150 is possible. However, a break below 1.880 could push prices further down towards the stop-loss level of 1.840.
Pro Tip: Look for bullish divergence on shorter timeframes or a strong bullish candle above 1.920 to confirm a potential reversal. Tight stop-losses are recommended given the volatility.
