RUNE$RUNE Unable to Break Resistance, Continuation of a Downtrend Setup 📉
RUNEUSDT
دائم
0.5015
-1.74%
Short Trading Plan for RUNE (20x)
👉Entry: 0.5040 – 0.5120
SL: 0.5250
TP1: 0.4950
TP2: 0.4850
TP3: 0.4720
RUNE is showing clear failure in its attempt to break through the 0.5040 – 0.5120 resistance zone. The price has pushed up several times but has been strongly sold back each time, unable to maintain momentum. This is a typical sign of a continuation of a downtrend setup.
The stop loss is placed at 0.5250, a relatively clean level, above the resistance zone. If it gets swept, no regrets. If the price continues to be rejected, targets of 0.4950 → 0.4850 → 0.4720 are entirely feasible.
The distance from entry to stop loss is quite wide (~2.5-4.2%). Divide your capital and manage risk well.
Resistance is rejecting, will there be another downward move? Have you entered yet? Comment to discuss
