$RUNE /USDT BULLISH MOMENTUM BUILDING – BREAKOUT ABOVE 0.507 COULD TRIGGER NEXT LEG UP
THORChain (RUNE) is showing strong bullish momentum with a +19% move, currently consolidating near the 0.506–0.507 resistance zone. Price is holding above key support levels, indicating that buyers are still in control after the recent surge. This type of tight consolidation near highs often signals continuation, especially if volume supports a breakout above resistance
TRADE SETUP
LONG ENTRY: 0.485 – 0.507 (pullback or breakout retest)
TAKE PROFITS:
TP1: 0.514
TP2: 0.545
TP3: 0.580
STOP LOSS: 0.45
SHORT SETUP (IF REJECTION OCCURS)
SHORT ENTRY: Below 0.455 with strong breakdown confirmation
TP: 0.426 / 0.400
SL: 0.507
MARKET OUTLOOK
Short-term outlook remains bullish as RUNE holds higher lows and consolidates near resistance. A breakout above 0.507 could extend the rally, while failure to hold support may lead to a corrective pullback.