Rune
THORChain (RUNE) Buy ZoneTHORChain (RUNE) Buy Zone
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BIAS
Mid-Term : Bullish
Risk : Medium
On 4 hours timeframe, THORChain is currently forming a lower time frame bull-flag above its second to local high support of $3.9 zone. The buying pressure and the bullish momentum is extreme, which will very likely break to the upside any second.
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$RUNE/USDT LONG SETUP
Leverage : x3 - x5
Entry Price : 3.8 - 4.1
TP 1 : 4.26
TP 2 : 4.43
TP 3 : 4.67
TP 4 : 4.95
TP 5 : 5.25
TP 6 : 5.52
TP 7 : 5.85
TP 8 : 6.375
Stop Loss : 3.295
*Maximum 3% of Portfolio.
*Unload 12.5% at each TP. Whenever TP 2 hits, Move stop loss to entry.
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RUNE Descending Wedge on Watch - Potential Bullish BreakoutWatching for a potential bullish breakout for RUNE on a clearly defined long-term descending wedge. This is not an easy type of trade to take in my opinion because you need to be present during the breakout and observe the price action. You want to be entering on the break when there is volume coming through. If the price breaks out and quickly gets rejected or trades sideways with little volume, then you just sell out at breakeven or a small loss and consider it a dud. The key is to minimize your risk in an attempt to catch a large swing move because a bounce on the weekly timeframe for RUNE is likely coming sooner than later.
If you choose to enter prior to it breaking out I would put the stop at $4.06 which is only a 3.3% loss for a potential 18-20% gain. Understand that probability will likely lean towards getting stopped out in this scenario but the risk to reward is worth it. What we are attempting to do is catch the weekly bounce which could be anywhere between a 20-100% move to the upside.
THORChain (RUNE) formed big bullish Cypher for upto 369% rallyHi dear friends, hope you are well and welcome to the new trade setup of THORChain (RUNE).
Previously we had a nice trade of RUNE:
Now during the current drop, on the weekly time frame chart, RUNE has formed a bullish harmonic Cypher pattern for a big bullish reversal move.
RUNE - THORCHAIN POSSIBLE BOUNCE TRADE Rune after a long period of correction is coming to the strongest support - the base line! A nice buy at around 3-3.15$ would be perfect for the LONG RUN !
CRYPTODROU
See You To The Moon
RUNEUSDT - SETUPRUNEUSDT is at a critical support area that got respect previously as well. So if the market recovers itself then we can expect in Rune the first target is to break the trendline with good volume and if succeed then bulls will 8.0 level. Otherwise, the price will drop further towards 2.0 next support.
RUNE broke out resistance#RUNE/USDT
$RUNE broke out descending resistance, if price hold the current support around $6.15, it will head up to touch resistance zone between $10 and $11.
if bulls success to break out descending resistance around $14, a butterfly pattern can shape that its target will be around $25.
RUNE TA - possible Bullish Scenario 4h
I opened a Long just few minutes ago. Let's see what will happen 🚀. Just remember: Stick to your plan and have a good risk management 👍
And that's the main reasons I decided to take a long :
► Momentum going up
► Breaking out of this falling channel/ rising Wedge
► Breaking out of the 200 MA
► High risk reward ratio
► Bounce from the 0.786 fib level of the previous Swing
► Moneyflowindex in green (4h base)
Trading setup:
SL: $6.56
TP1: $9.6
TP2: $12.8
Disclaimer: DYOR. No financial advice. Just for your impression.