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).

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