Evening Traders,
Today’s analysis – RUNEUSDT – trading at a key trade location that is likely to hold,
Points to consider,
- Price Action Corrective
- Daily S/R Support
(Double Bottom Confluence)
- Local OB Objective
- RSI Extended
RUNEUSDT’s immediate price action is trading at a key trade location that has technical confluence with the Daily S/R and an Order Block, allowing for a bullish bias.
The Local OB is the immediate objective, exceeding this level will lead to a trend continuation.
The current RSI is overextended, a reversion to its mean is probable on a bounce back.
Overall, in my opinion, RUNEUSDT is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps,
Thank you for following my work
And remember,
“Genuine acceptance that there will be losses on your way to market success will greatly decrease the hurt when they eventually come.” ― yvan Byeajee
Today’s analysis – RUNEUSDT – trading at a key trade location that is likely to hold,
Points to consider,
- Price Action Corrective
- Daily S/R Support
(Double Bottom Confluence)
- Local OB Objective
- RSI Extended
RUNEUSDT’s immediate price action is trading at a key trade location that has technical confluence with the Daily S/R and an Order Block, allowing for a bullish bias.
The Local OB is the immediate objective, exceeding this level will lead to a trend continuation.
The current RSI is overextended, a reversion to its mean is probable on a bounce back.
Overall, in my opinion, RUNEUSDT is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps,
Thank you for following my work
And remember,
“Genuine acceptance that there will be losses on your way to market success will greatly decrease the hurt when they eventually come.” ― yvan Byeajee
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Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Join the Free Trading Group
Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.