TheSignalyst

RUNE - Trend-Following Setup!

Long
BINANCE:RUNEUSDT   RUNE / TetherUS
Hello everyone, if you like the idea, do not forget to support with a like and follow.

RUNE is overall bullish and now retesting the support so we will be looking for buy setups on lower timeframes.

on H4: RUNE is forming a channel in red but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)

Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)

Meanwhile, until the buy is activated, RUNE would be overall bearish can still trade lower.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich

This analysis is done using RichTL indicator
http://www.RichTL.com

Telegram Channel
https://t.me/thesignalyst

Youtube
https://youtube.com/c/thesignalyst

For every 4 crypto holders, there's 1 from Kucoin exchange
Sign up Here
https://cutt.ly/Kucoin1