RUNE Long Trade Idea
Updated
This is a possible long trade set up for RUNE
Upside Potential: 20+% (Without Leverage)
Downside Risk: 6% (Without Leverage
Enter Trade: 17.50 (Once an Hour Candle Close Above the green line)
Stop Loss: 16.40
Take Profit: Between 19.00 & 19.35
Price Target: Between 20.70 & 21.20
Resistance is between: 16.75 & 17.25
Once the resistance zone gets broken, it will then become our support, and therefor I would set a stop loss under it.
Support Zone 1: Between 15.75 & 15.40
Support Zone 2: Between 15.40 & 13.85
EMA Ribbon is currently bullish and the 200 EMA is at 14.00 which indicates strong support above 14.00
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Upside Potential: 20+% (Without Leverage)
Downside Risk: 6% (Without Leverage
Enter Trade: 17.50 (Once an Hour Candle Close Above the green line)
Stop Loss: 16.40
Take Profit: Between 19.00 & 19.35
Price Target: Between 20.70 & 21.20
Resistance is between: 16.75 & 17.25
Once the resistance zone gets broken, it will then become our support, and therefor I would set a stop loss under it.
Support Zone 1: Between 15.75 & 15.40
Support Zone 2: Between 15.40 & 13.85
EMA Ribbon is currently bullish and the 200 EMA is at 14.00 which indicates strong support above 14.00
If you agree with / appreciate this trade set up please leave a like (or a comment)
If you disagree leave a comment as well.
If you would like me to analyze a particular Crypto or Stock, follow me and send me a private message.
Note
Right now Rune is trading at the bottom of the support zone.This could be a good time to enter a long position, with a stop loss at 13.85.
If support holds up there is good upside from here, and if it fails to hold the stop loss would trigger with minimal damage.
Message me if you have any requests regarding a particular stock or crypto. I''d be happy to share my thoughts / analysis.
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