RUNE: Breakout after Breakout

27 Agu 2023

Hello friends!

Few days ago I've put RUNEUSDT on my list cause I've seen it to be close to the breakout of the new short-term resistance formed on 1h TF. Interestingly enough, it had just broke out of the long going resistance level two weeks ago, went through the point of BoS (Breaking of structure) (by creating the new higher high after the one that has been under that previous resistance at 1.969) and by this moment it is creating the new Higher Low.

Again, interestingly enough, while forming the new lower low it is creating the new zone of interest by creating this new resistance I was talking about and actually breaking through it. At this particular moment, the breakout isn't yet totally confirmed cause it hasn't gone through the new BoS, but this point might be this new higher low.

So:

• If you are risky enough, consider the Entry 1 Zone with the Stop Loss below the previous Low. In case if the Higher Low isn't yet catched, the price can go to the zone of $1.2-1. Consider re-entering at that point.
  
• If you don't like the risk - wait until the break of structure will be confirmed and consider Entry 2.
  

First Targets will be within the fulfilling of the wick that led us to the previous BoS. Fulfilling it strongly will most probably lead RUNE to the next zone: $2.9-3.1

28 Agu 2023

Trade aktif

Entry zone reached at its full. The indicator showing some good purchases on lower TF, however no confirmation yet on the higher TF.

Riskly trade as of now, set stop losses related to your risk tolerance. Chances are this might be the best entry. If not, better secure your bags.