RUNE AT DOUBLE TOP RSI AND VOLUME DIVERGENCE
We successfully scalped rune selling zone previous day. Sort at 9.5 and Exist at 8.9 and entry at 9.2 exist at 8.8.
Now two possibility of Rune in few days. One is metaverse and other is short term price falls up to 6.6-6.8.
As you see double top in 4 hours candle. With declining volume and RSI divergence.
One can take a short positions on basis of RSI. In my experience RSI will hit 59.9 then price is around 8.9. So open sort at 8.9 and DCA at 9.3. Stop loss 9.8
Target 1 8.6, Target 2 8.1 and target 3 7.6 Target 4 6.8.
Ultimately Rune will head towards ATH (Weekly Volume is Increasing and All time High).
To do this rune will slowly fall to 6 dollar zone to swap liquidity and create fear. When few peoples are in trade. Then within 2-3 days it will conquer 11 dollar zone.
Don't open new long above 8 dollars. BTC will decline which results in RUNE correction or pullback to 6.6-6.1 dollars.
Parallel Channel will break as in micro frame like 30 minute price showing bounce but with less volume.
Now two possibility of Rune in few days. One is metaverse and other is short term price falls up to 6.6-6.8.
As you see double top in 4 hours candle. With declining volume and RSI divergence.
One can take a short positions on basis of RSI. In my experience RSI will hit 59.9 then price is around 8.9. So open sort at 8.9 and DCA at 9.3. Stop loss 9.8
Target 1 8.6, Target 2 8.1 and target 3 7.6 Target 4 6.8.
Ultimately Rune will head towards ATH (Weekly Volume is Increasing and All time High).
To do this rune will slowly fall to 6 dollar zone to swap liquidity and create fear. When few peoples are in trade. Then within 2-3 days it will conquer 11 dollar zone.
Don't open new long above 8 dollars. BTC will decline which results in RUNE correction or pullback to 6.6-6.1 dollars.
Parallel Channel will break as in micro frame like 30 minute price showing bounce but with less volume.
Trade closed: target reached:
Target one hit. Price will spike up from here may be a 30 minute bat pattern is the reason of this spike. If its crosses 9.4 reason with high volume short is invalidated.
It's 4 hr chart patter it took whole week to complete rising wedge.