RUNEUSDT | Long | Targeting POC | (May 22, 2025)

RUNEUSDT | Long | Targeting POC & Volume High in Triangle Structure | (May 22, 2025)

1️⃣ Quick Take: RUNE is consolidating inside a triangle while respecting key support. Despite liquidation risks below, the broader structure points to potential upside targeting the top of the range.

2️⃣ Trade Parameters:
Bias: Long
Entry: $1.00–$1.10
Stop Loss: Below $0.98 (under key wick zone with high liquidation probability)
TP1: $1.86
TP2: $5.20
🪙 Final 5% to remain open beyond $5.20 if the trend continues

3️⃣ Key Notes:

Resistance has flipped into support on the chart—expecting it to hold.

Triangle pattern forming, with potential to break out toward Value Area High or POC from volume profile.

Limit sell orders are visible above—liquidity magnet if price starts moving fast.

Order flow shows spot selling slowly, possibly by a market-making bot, while open interest is stable and healthy.

Funding rate is around 0.017—slightly favoring longs, but not overheated.

Liquidation wick below $1.00 could occur, but structure suggests a higher high is more probable in the current setup.

4️⃣ Follow-up: Will reassess and potentially compound on dips or wick recoveries. Will update the trade if structure confirms breakout.

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Disclaimer: This is not a financial advise. Always conduct your own research. This content may include enhancements made using AI.