🚀 $RUNE /USDT – Breakout Mode Activated?

THORChain (RUNE) is trading at approximately $1.341 on Gate.io, reflecting a 1.03% decrease in the last 24 hours.

Key Levels:

Support: $1.24 - $1.10 – A solid demand zone.

Resistance: $1.50 - $1.55 – A breakout above could trigger strong momentum!

Long Setup (Bullish Play):

Entry Zone: $1.30 - $1.40 (Buy the dip)

Take Profit Targets:

TP1: $1.50

TP2: $1.55

TP3: $1.65+

Stop Loss: Below $1.24

Short Setup (Bearish Play):

Entry Zone: $1.50 - $1.55 (Short on rejection)

Take Profit Targets:

TP1: $1.40

TP2: $1.30

TP3: $1.24

Stop Loss: Above $1.58

Market Insight:

$RUNE is exhibiting strong bullish momentum. A decisive close above $1.50 could confirm a breakout, potentially pushing the price towards $1.65 or higher. However, if the price faces rejection at the resistance level, a pullback to the $1.24 support zone is possible.

Pro Tip: Monitor trading volume closely. High volume confirmation is essential before entering a position. 🚀🔥

Note: Cryptocurrency markets are highly volatile. Conduct thorough research and consider your risk tolerance before making any trading decisions.

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