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TheSignalyst
Oct 5, 2021 10:44 AM

RUNE - Trend-Following Setup! Long

RUNE / TetherUSBinance

Description

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
Comments
Ace2k3
Great analysis! We all know Rune is a spleeping giant...sooner or later 20+ is inevitable.
TheSignalyst
@Ace2k3, thank you! no doubt,I have been watching this one for a while now. best of luck Ace
theSage_
Top notch analysis
TheSignalyst
@theSage_, thank you Sage
CobraVanguard
Amazing work here! Thanks for sharing
TheSignalyst
@T_V_TreeTrader, thanks a lot my friend
InkyGrip
Thanks for sharing this idea! 🦐
TheSignalyst
@plancton0618, respect Plancton :D
KlejdiCuni
Well done buddy!
TheSignalyst
@KlejdiCuni thank you Klejdi for the continuous support
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