Hello everyone,
We have a new trade setup for you all.
RUNE looks pretty good to accumulate here with low leverage or just buy it on spot. It is currently at support level 1 and could possibly bounce from here. If it breaks support level 1 then we will see it falling further to support level 2 which will be our 2nd accumulation zone.
I would suggest if it breaks down below support level 1 and the candle closes below it then take a short entry and book profits close to support level 2. Then from support level 2 you can open a long position. You can make a double profit, LOL!
Long entry for Support level 1: $5.4 to $5.5
Target: $6.2 to $6.8
SL: $5.1
Short Entry (If it breaks below SL1): $5.1 to $5
Target: $4.5 to $4.4
Long entry for Support level 2: $4.4 to $4.5
Target: $5.2, $6.1, and $6.7
SL: $4.36
Remember: Open short entry only if it falls below the SL1 and if our 1st long entry target from SL1 is fulfilled then our short entry target will be invalid.
Trade safe and stay safe.
Do support me with your likes and comments.
We have a new trade setup for you all.
RUNE looks pretty good to accumulate here with low leverage or just buy it on spot. It is currently at support level 1 and could possibly bounce from here. If it breaks support level 1 then we will see it falling further to support level 2 which will be our 2nd accumulation zone.
I would suggest if it breaks down below support level 1 and the candle closes below it then take a short entry and book profits close to support level 2. Then from support level 2 you can open a long position. You can make a double profit, LOL!
Long entry for Support level 1: $5.4 to $5.5
Target: $6.2 to $6.8
SL: $5.1
Short Entry (If it breaks below SL1): $5.1 to $5
Target: $4.5 to $4.4
Long entry for Support level 2: $4.4 to $4.5
Target: $5.2, $6.1, and $6.7
SL: $4.36
Remember: Open short entry only if it falls below the SL1 and if our 1st long entry target from SL1 is fulfilled then our short entry target will be invalid.
Trade safe and stay safe.
Do support me with your likes and comments.
Trade closed: target reached
Congratulations guys! We have reached our targets. Made some good profits on this trade. Unfortunately, I didn't enter the short position as it was too risky and eventually it paid well.
Congrats once again.
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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.
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.