🚨 $RUNE just got absolutely destroyed in the last few hours.

Price wiped out almost two weeks of green candles and dumped straight into the $0.499 support zone. The market looks extremely weak right now, but this is exactly where things start getting interesting for short-term traders.

I’m mainly watching the RSI on the 15m chart. It dropped all the way near 16, which is an extremely oversold level. Usually when momentum gets this stretched away from the moving averages, we often see a quick relief bounce or short squeeze reaction.$rune

Right now the most important level for me is the Daily EMA(44) around $0.504.

If bulls manage to hold and close above that area, I think a recovery toward $0.535 is very possible. But if $0.499 breaks properly, then the whole structure starts looking bearish again and price could easily visit the $0.477 zone next.

Volatility is crazy right now, so position sizing matters a lot. One bad entry in this type of market can destroy your account very fast.

Not financial advice. Always do your own research before entering any trade.$RUNE