CryptoNiche

Thorchain RUNE: Looks Like It Will Dump Hard?

Short
CryptoNiche Updated   
GATEIO:RUNEUSDT   RUNE/Tether
The most anticipated news about RUNEUSDT is the L1 Lending Protocol, and this news was released on the 20th of August.

If you look at the chart, traders have already bought the rumors, and we are going to sell the news.

The price looks exhausted, and it seems like it will not be able to break out of the resistance zone on 1D.

We look forward to making profits from the dump. Are you ready?

What are your opinions about this analysis? Let me know in the comment box.

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Cheers!

Trade active:
Sell position has been opened
Comment:
RUNE Is now running in profits... We will move SL to entry when it dumps to $1.5
Comment:
Still running in profits, move stop loss slightly above entry now.
Comment:
1st Take Profit is achieved!
Comment:
We are waiting for 2nd Take Profit to be trigerred.
Comment:
Trade reversed back to break-even after hitting 1st Take profit target.

No loss.

That is the essence of trade management.

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