When is a Good Time to Buy Thorchain (RUNE)?

RUNE has been a cool cryptocurrency to trade lately. With a ton of upside/downside volatility, RUNE opens itself up to a number of different entry and exit points for traders.

Wrap this all up in a package where Thorchain is actually a relevant cryptocurrency project that is actively developing something useful, and you have yourself a once-in-a-lifetime investment.

Many here on Leo seem to be interested in RUNE and how and why they might want to get more of it.

As a trader, I look for the shorter term opportunities to leverage a trade and generate alpha.

With this trade on RUNE, I identified an easy entry point: $0.80 - $0.82.

On the bottom of today's candle, I purchased some RUNE for $.797 USD. Not a bad purchase under the context of the support I found here at the .80 cent level.

Now RUNE is already up a few % from where I bought in.

My exit point for this trade will be around the $0.95 mark. Just shy of $1 where RUNE meets quite a lot of resistance on the upside.

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