THORChain has made a strong recovery from the $0.49 zone and is now trading around $0.653.
But price is approaching a crucial resistance area near $0.66–$0.665. I’m expecting a possible rejection here, followed by a pullback toward $0.63–$0.62.
That’s the zone I’m watching for a potential long entry.
Momentum is strong, but RSI is already elevated, so a short-term correction wouldn’t surprise me.
My trading plan for $RUNE
Preferred entry: $0.63–$0.62, only after a confirmed bounce.
Stop-loss: $0.60
Targets: 0.65, 0.665, 0.68, 0.72
If buyers defend the $0.62–$0.63 zone, I expect another attempt toward $0.665 and potentially higher.
Don’t jump into the trade blindly. Let price pull back, show buyer strength, and then take the long.
But price is approaching a crucial resistance area near $0.66–$0.665. I’m expecting a possible rejection here, followed by a pullback toward $0.63–$0.62.
That’s the zone I’m watching for a potential long entry.
Momentum is strong, but RSI is already elevated, so a short-term correction wouldn’t surprise me.
My trading plan for $RUNE
Preferred entry: $0.63–$0.62, only after a confirmed bounce.
Stop-loss: $0.60
Targets: 0.65, 0.665, 0.68, 0.72
If buyers defend the $0.62–$0.63 zone, I expect another attempt toward $0.665 and potentially higher.
Don’t jump into the trade blindly. Let price pull back, show buyer strength, and then take the long.
