$RUNE TP1 hit 🎯💯
Post
--Bearish
_Crypto_Trade
·
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Bearish$RUNE is showing rejection after testing local highs around 0.7238 – breakdown continuation is likely! 📉
📌 Trade Plan: Short $RUNE
Entry Zone: 0.6980 – 0.7059 (Current price is consolidating near 0.7059)
Stop-Loss (SL): 0.7275
Take-Profit (TP): 0.6883 | 0.6670 | 0.6458
🔍 Detailed Technical Breakdown
Price Action & Resistance Level:
After hitting a local high of 0.7238, $RUNE faced selling rejection and is currently forming lower moves around the 0.7059 mark.
Target Scenarios:
TP1 (0.6883): First immediate support level for taking initial profits.
TP2 (0.6670): Mid-range target as momentum pushes lower into previous support structures.
TP3 (0.6458): Extended target area if short-side volume increases.
Risk Management / Invalidation:
A sustained move above 0.7275 invalidates this short setup.
📌 Trade Plan: Short $RUNE
Entry Zone: 0.6980 – 0.7059 (Current price is consolidating near 0.7059)
Stop-Loss (SL): 0.7275
Take-Profit (TP): 0.6883 | 0.6670 | 0.6458
🔍 Detailed Technical Breakdown
Price Action & Resistance Level:
After hitting a local high of 0.7238, $RUNE faced selling rejection and is currently forming lower moves around the 0.7059 mark.
Target Scenarios:
TP1 (0.6883): First immediate support level for taking initial profits.
TP2 (0.6670): Mid-range target as momentum pushes lower into previous support structures.
TP3 (0.6458): Extended target area if short-side volume increases.
Risk Management / Invalidation:
A sustained move above 0.7275 invalidates this short setup.
