RUNE is looking bearish
Hi crypto traders!
I saw many bullish predictions about this crypto and I want to give my point of view. Cryptonary group is pushing for this coin and their future utility but the chart is telling us the opposite. Long term hold looks bullish but you need to buy at a good entry price which it will be around 4-5 usd. Many RUNE holders are sitting on massive profit(based on VWAP), which it is not sustainable for the long term health of the coin.
The price just got rejected at the 34EMA daily which shows profit taking and risk off trading. Don’t be the one holding bags at 50% drops. This coin has pumped enormously (more than 50x). The best idea is to dollar cost average into it to avoid massive loses.
Reminder: DON’T FOMO ! Be the smart person buying low and selling high !
Stay safe!
I saw many bullish predictions about this crypto and I want to give my point of view. Cryptonary group is pushing for this coin and their future utility but the chart is telling us the opposite. Long term hold looks bullish but you need to buy at a good entry price which it will be around 4-5 usd. Many RUNE holders are sitting on massive profit(based on VWAP), which it is not sustainable for the long term health of the coin.
The price just got rejected at the 34EMA daily which shows profit taking and risk off trading. Don’t be the one holding bags at 50% drops. This coin has pumped enormously (more than 50x). The best idea is to dollar cost average into it to avoid massive loses.
Reminder: DON’T FOMO ! Be the smart person buying low and selling high !
Stay safe!
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.