RUNE / TetherUS
Short
Updated

RUNE sell/short setup (4H)

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The RUNE token, after experiencing heavy drops due to negative news, is now trading within a range.

A price top has been fake out, leading to a drop. On a retracement to higher levels, we can look for a sell/short setup.

We have identified two entry points for a short position.

Targets are marked on the chart.

A daily candle closing above the invalidation level will invalidate this view.

For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Trade active
After pumping and reaching the entry zone, it dropped over 16% and hit TP1.
snapshot

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