$RUNE /USDT Trading Signal - Sharp Decline, Oversold Conditions in Sight?
$RUNE/USDT is currently trading at 1.393, down 38.03% in the last 24 hours. The price has plummeted, reaching oversold conditions, suggesting a possible rebound or continued downward momentum if key levels break.
Entry Range: 1.350 - 1.400
Target 1: 1.500
Target 2: 1.650
Stop Loss: 1.300
Market Overview:
After reaching a high of 2.253, $RUNE has sharply declined to a low of 1.331 before showing slight recovery. The current price action is deeply bearish, but the asset may see a short-term bounce due to oversold conditions. A break above 1.400 could lead to a recovery towards 1.500. However, if the price falls below 1.350, further declines toward the 1.300 stop-loss level are likely.
Pro Tip: Look for bullish divergence on lower timeframes or a strong bounce from the 1.350 zone to confirm a potential reversal. If volatility remains high, secure quick profits.
