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EuroMotif
Feb 4, 2024 5:15 PM

RUNE eyes on $ 4.31 for key Support and possible Launch Pad 

BINANCE:RUNEUSDT300
RUNE / TetherUSBinance

Description

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RUNE eyes on $ 4.31 for key Support.
Possible launch pad for next leg up.
Failure of that level could drop hard.

This is a follow up to previous analysis


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Comment

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Launchpad Indeed! Took off like a rocket from our fib


Good for a QUICK 25% gains


Zoom IN (15 min) on the current pa

possible double top, or a bull flag to continue?

If it continues, the next jump is significant:

Golden fibs do have a lot of 'Gravity", so if we can move in that direction, it will attract the price.

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Comment

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Perfect entry played out nicely

Last TP was at $10.75, now watching the retrace.

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Comment

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Follow up to last snapshot above,

Correction watch continues,
$ 6.777 (cool number) minor support
$ 5.95 major support that must hold

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Support and ResistanceFibonaccifibogoldenratio
Comments
santnicojay
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i think the key level to watch here is 5.5 and 5.0 area which will break first ? so far it's on consolidation. but on higher tf big volume of sell pressure.
EuroMotif
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@santnicojay, Agreed, hoping for bull flag break upwards once 5.5 breaks
santnicojay
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same bias golden zone.
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