How far will RUNE drop? (3D)
As you have seen and know, the RUNE token is currently in freefall and has experienced a sharp drop compared to other altcoins.
Upon analyzing the chart, we identified a fresh weekly order block. Considering the strength of the momentum, the freshness of this order block, and the fact that it belongs to a higher time frame, it is expected that this order block could halt the drop and push the price back toward higher levels.
However, if this order block is breached without any reaction and a daily candle closes below the invalidation level, it might indicate that negative fundamental factors are at play for this token, potentially unknown to the public, raising concerns about a scenario similar to the Luna incident.
For now, though, such a situation seems unlikely. The price appears to be in an ABC correction, currently within wave C of this correction.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Upon analyzing the chart, we identified a fresh weekly order block. Considering the strength of the momentum, the freshness of this order block, and the fact that it belongs to a higher time frame, it is expected that this order block could halt the drop and push the price back toward higher levels.
However, if this order block is breached without any reaction and a daily candle closes below the invalidation level, it might indicate that negative fundamental factors are at play for this token, potentially unknown to the public, raising concerns about a scenario similar to the Luna incident.
For now, though, such a situation seems unlikely. The price appears to be in an ABC correction, currently within wave C of this correction.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
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🔷Our Telegram channel has daily spot and futures signals 👉 t.me/Behdark_EN
🔆To succeed in trading, just enter our Telegram channel:
Free membership: t.me/Behdark_EN
🔷Our Telegram channel has daily spot and futures signals 👉 t.me/Behdark_EN
Free membership: t.me/Behdark_EN
🔷Our Telegram channel has daily spot and futures signals 👉 t.me/Behdark_EN
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