parxed

RUNE / Thorchain in a clean bullish wedge

Long
FTX:RUNEPERP   Thorchain Perpetual Futures
Ever since the 80%+ run up, RUNE has been in a consolidating wedge. I expect resolution time to before April 8th, risk/reward points to bullish.

Target: 10.5 -> 11.8 --> 12.5
Resistance: 9.2 - 8.8 - if broken, wedge is invalidated.

Event risk is always one of the most profitable but also riskiest market opportunities. In this case, due to the extensive testing done by Thor devs, I lean bullish.

This is not financial advice.

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