Thorchain RUNE: Looks Like It Will Dump Hard?
Updated
I have been watching out for a trade opportunity on 
RUNEUSDT.P for some days now, and it seems like an opportunity is here.
The news about lending protocol on RUNE is getting stale, and the bullish momentum looks exhausted already.
Price is not able to break out of important resistance levels, a bearish close on daily will confirm the bullish reversal.
But in this case, we will use confirmation on the 4H timeframe.
What is your thought about this analysis? Let me know in the comment box.
If this analysis makes sense to you, kindly follow me now and support my idea.
Cheers!
RUNEUSDT.P for some days now, and it seems like an opportunity is here.The news about lending protocol on RUNE is getting stale, and the bullish momentum looks exhausted already.
Price is not able to break out of important resistance levels, a bearish close on daily will confirm the bullish reversal.
But in this case, we will use confirmation on the 4H timeframe.
What is your thought about this analysis? Let me know in the comment box.
If this analysis makes sense to you, kindly follow me now and support my idea.
Cheers!
Trade active
Position has been opened.Trade closed: stop reached
Sorry
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