RUNE has just broken out of a cluster of resistance; almost a year old diagonal resistance, 1D MA 100 and 1D MA 200 while maintaining the higher lows trend line. A retest of all these flipped resistance is still possible and might lead to a fake breach of the higher lows trend line into the demand zone beneath. We can look for a buy setup upon the takeout
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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.