$RUNE Today’s daily candle doesn’t really look like a typical rebound.
The spot market is up about 20.18% over the past 24 hours, reaching 0.824 USDT, with trading volume around 39.75 million USDT. On the chart, the last segment shows both price and volume lifting together, but the current price has already slipped from the peak back to around 0.798.
For now, I won’t chase this move. I’ll first see whether the increased trading volume after the spike can keep the price pinned near the highs. If it pulls back and the volume doesn’t contract while the price falls back into the middle of the day’s range, then this strong momentum should be downgraded.
In high-volatility phases, chasing at the highs, a pullback, volume fading, and a reversal in the news can all happen very quickly.
Do you see this price action as a continuation of the trend, or are you going to wait for a pullback first?
$RUNE #BinanceSpot
The spot market is up about 20.18% over the past 24 hours, reaching 0.824 USDT, with trading volume around 39.75 million USDT. On the chart, the last segment shows both price and volume lifting together, but the current price has already slipped from the peak back to around 0.798.
For now, I won’t chase this move. I’ll first see whether the increased trading volume after the spike can keep the price pinned near the highs. If it pulls back and the volume doesn’t contract while the price falls back into the middle of the day’s range, then this strong momentum should be downgraded.
In high-volatility phases, chasing at the highs, a pullback, volume fading, and a reversal in the news can all happen very quickly.
Do you see this price action as a continuation of the trend, or are you going to wait for a pullback first?
$RUNE #BinanceSpot
