RUNE’s chart shows signs of a potential breakout
RRUNE’s Daily chart shows signs of a potential breakout, positioning it as a good opportunity for traders. Here’s a quick breakdown of the recent market analysis:
Stop Loss: 4.574
Take Profit (TP):
TP 1: 5.648
TP 2: 6.319
TP 3: 7.407
The daily chart looks ready to break out, but it’s important to keep an eye on liquidity issues.
The liquidity on centralized exchanges (CEX) is shrinking, and most of the action has moved to decentralized exchanges (DEX).
This is a classic PvP (player vs. player) scenario, where low liquidity across the board means slower movements, but for those playing the game right, there’s a chance for rewards.
Rule:
- I don't trade more than 3% of my capital (in leverage account).
- If the price hit TP 1, I will exit 25% of the volume, and I will put the stop loss in the Entry Price
- If the price hit TP 2, I will exit another 25% of the volume, and I will put the stop loss in TP 1.
Stop Loss: 4.574
Take Profit (TP):
TP 1: 5.648
TP 2: 6.319
TP 3: 7.407
The daily chart looks ready to break out, but it’s important to keep an eye on liquidity issues.
The liquidity on centralized exchanges (CEX) is shrinking, and most of the action has moved to decentralized exchanges (DEX).
This is a classic PvP (player vs. player) scenario, where low liquidity across the board means slower movements, but for those playing the game right, there’s a chance for rewards.
Rule:
- I don't trade more than 3% of my capital (in leverage account).
- If the price hit TP 1, I will exit 25% of the volume, and I will put the stop loss in the Entry Price
- If the price hit TP 2, I will exit another 25% of the volume, and I will put the stop loss in TP 1.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.