Run it back, Turbo. You may remember me presenting a setup here recently, which never triggered because price failed to close above $4.30. Remember the disclaimer on altcoin charts - if a certain thing happen, then the trade triggers.
I am bullish on Rune for various reasons (I OWN THE TOKEN ALREADY), but am looking at this solely from a technical view. We had huge bullish divergence with oversold RSI at the bottom, which has clearly played out. Now we have another attempt at breaking $4.30. If this happens, I would be looking for an entry around that area on a retest as support. Yes, I could miss it, it could go straight up, but that is my approach. If we miss, we miss.
Trading Alpha (which you should take a serious look at) also is showing multiple grey dots in a row, pls a break above the trackline. Bullish setup.
My target is $7.27, but would take some profit on the way up. I will still hold my core position.
I am bullish on Rune for various reasons (I OWN THE TOKEN ALREADY), but am looking at this solely from a technical view. We had huge bullish divergence with oversold RSI at the bottom, which has clearly played out. Now we have another attempt at breaking $4.30. If this happens, I would be looking for an entry around that area on a retest as support. Yes, I could miss it, it could go straight up, but that is my approach. If we miss, we miss.
Trading Alpha (which you should take a serious look at) also is showing multiple grey dots in a row, pls a break above the trackline. Bullish setup.
My target is $7.27, but would take some profit on the way up. I will still hold my core position.
scott.melker@texaswestcapital.com
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
scott.melker@texaswestcapital.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.