RUNE: One Moon Candle and I'm Now in the Green
The dip into the 4s was short lived for RUNE as price got a nice moon candle today.
It wasn't all sunshine and rainbows on the move, but we got it nonetheless and my RUNE trade (avg. price of 5.18) is now into the green.
That is a puuuurdy candle...
U-turn reversal I didn't even notice!
As many of you know my favorite entry pattern is what I call a u-turn reversal. After four down days, yesterday's candle traded below the low of that last red candle and closed above the low (and the close for that matter).
That is a buy signal, which ironically I did buy a little more but not because I noticed the signal (oops).
And in just one day price has pushed to the first target of 5.80 area, which is the last sideways consolidation.
Where's the volume?
So the only real negative of this push higher is that the candle has low volume. Average I supposed relative to the past week, but low compared to the rest of the year.
So as opposed to there being a ton of buyers, it looks more like there just weren't many sellers so the buyers had an easy path higher.
The current level will be key to see if there is any follow through to make a run at the all time highs, which would be the next target.
Obviously with the looming mainnet launch the anticipation is high for a run at the highs, but there are no guarantees.
Either way, its nice to see a solid green number on the PnL after a few days are ugly red!
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Very nice and well done. I offloaded my Rune for Leo. Not sure if a bad move but a happy one none the less.
I hope you do well from Rune my friend.
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Oh, so did I! Sold all the RUNE at 6.53 (which was very nice) and jumped back in on a much smaller scale at 5.18. Everything else is in LEO/CUB. :-)
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Very nice! I think it will do decent with price. But now that CUB'S here 🤣
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Now that CUB'S here, I'm in CUB*
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It was a good decision to sell and take advantage of the pullback to buy cheaper. In the end it is just a correction. Keep in mind that the alts are dragged down by bitcoin and Ethereum. If bitcoin continues bullish, this year we could see a bullish rally in the altcoins as well. In addition, if the main grid is launched, the price will also be boosted. We must remain expectant and with a cool mind.
Best regards!
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Yeah, btc will be a little interesting going forward. The monthly chart is crazy and a pullback would not be out of line next month or two, but I'm wishing for another couple months or crazy bull.
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When I first read of RUNE on Leofinance it was $0.6 and I thought it was too high to buy. Looks like I missed a great opportunity.
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yeah, I had waited till 1.85 to finally pull the trigger on my first trade.
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I don't trade. Was pointing to it mostly from an investing perspective. My strongest bets this bull market are UNI, LEO, HIVE and XTZ.
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Nice, I don't have any XTZ. Will have to give it a look. And RUNE wasn't supposed to be a trade for me but the profits were too juicy lol.
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RUNE is awesome! I've been holding half of it in my wallet and the half is in the Chaosnet liquidity pools.
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Nice! Yeah, I have a small bag in the liquidity pool. The rest has been fut trades. I ended up booking the current trade and adding back 1/3 the position 20 cents lower. Still want that exposure to possible mooning into the launch.
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