โ๏ธ NEUTRAL |
$RUNE slightly tilted upward in the short term: 59.3% of 1-hour volume was aggressive buying on Binance Spot, and the price is above the 1h EMA20.
๐ TECHNICALS: The 1h chart is rising, with the price at 0.599 above the 1h EMA20 (0.59601), indicating short-term support remains. The 4h chart is moving sideways, while the daily chart is declining, so the three timeframes are not aligned. This is a small-cap coin, so technical signals are only partly reliable.
๐ฐ MONEY FLOW: 59.3% aggressive buying over 1 hour on Binance Spot means buyers are active in the short term, but sellers still have a slight edge over 7 days. Binance Futures: 66% of top traders are long, compared with 51.5% of the crowd, so top traders are more heavily tilted long.
โฟ VS. BTC: Over the past 24 hours, during hours when BTC rose, its cumulative gain was +3.31%, while RUNE gained +4.2%; during hours when BTC fell, its cumulative loss was -5.09%, while RUNE fell -3.83%. RUNE is stronger than BTC: it rose more and fell less.
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$RUNE LEVELS TO WATCH: support 0.5836 USDT ยท resistance 0.6058 USDT
๐ CONCLUSION: Aggressive buying over 1 hour and the rising 1h chart support a long bias. BTC is declining on the 1h chart, with losses totaling -5.09% over 13 hours, which is a counterpoint. However, RUNE has fallen less than BTC, so this is a short-term setup.
๐งญ 1h swing trade: long near support, in line with the uptrend
๐ ENTRY AND EXIT LEVELS
โข Entry: 0.5988 โ 0.599
โข SL: 0.5953 (-0.6%)
โข TP1: 0.6032 (+0.7%, R:R 1:1.2)
โข TP2: 0.6169 (+3%, R:R 1:4.9)
โข Buy/sell balance: aggressive buying at 15 minutes 69.8%, 1 hour 59.3%, 4 hours 48.9%
โข Basis: Buyers accounted for 69.8% of aggressive trades over the most recent 15 minutes; over the most recent hour, buyers also accounted for 59.3%
โข Risk: BTC is declining on the 1h chart
โข Setup score: 6/10
Data as of 03:16 11/11 (UTC+7).
In the 0.5836 to 0.6058 range, do you favor longs or shorts, and why?
Manage your risk before entering a trade.
Not investment advice. DYOR.
#BinanceSquare #RUNE #THORChain