Chibuike_Odoh

RUNE/BTC { THORCHAIN } - BULLISH SETUP

Long
BINANCE:RUNEBTC   RUNE / Bitcoin
ANALYSIS πŸ”Ž
- RUNE/ BTC is printing the inversed head and shoulders pattern.
- The inverse head and shoulders pattern is a bullish reversal pattern.
- There's a breakout potential.

BUY ENTRY ⬆️
- Market entry: current market price.
- Stop limit entry: breakout above the inverse head and shoulders neckline resistance (@0.00022119).
- Limit entry: Retest of the right shoulder's horizontal support level .

TARGETS 🎯
- Fibonacci extension levels.

SETUP INVALIDATION ❌
- Breakdown below the right shoulder's horizontal suppor level (@0.00014537).

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.