RUNE is currently sweeping a crucial order block zone around 0.442, a level that's been heavily defended in the past, and I believe this is a sign of strength. The fact that we're seeing a bounce off this area suggests that the bulls are still in control, and the bears are struggling to gain traction.
From a technical standpoint, the higher time frame trend is bullish, with the RSI sitting at 62, indicating that we still have room to run. The volume is relatively low at 0.2x, which could be a sign that we're due for a volatility spike. The SMC Score is also relatively low at 3.1/10, which suggests that the smart money is still on the sidelines, waiting for a breakout.
Here are the key trade levels to watch:
- Entry: 0.442
- Take Profit 1: 0.455 (RR 4.5x)
- Take Profit 2: 0.4745 (RR 11.3x)
- Stop Loss: 0.43912
I'm long $RUNEUSDT, targeting 0.455, and I recommend managing your risk accordingly. The fundamentals for RUNE are strong, and I believe we have a good chance of reaching our targets.
Follow me for more updates, and let's ride this wave together!
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