THORChain Aiming Lower 4X SHORT—246% Potential

5일 전

We are looking at both, bearish and bullish charts. The bearish ones are those that produced astonishing growth last year and into early 2024. The bullish ones are those that are trading at bottom prices or at new All-Time Lows.

➖ THORChain (RUNE) peaked in March 2024, it has been bearish since. We have the same chart patterns and price dynamics as the other Cryptocurrency kings and queens.

Is the correction over? We will soon know!

Those trading at bottom prices likely ended their correction already, those trading higher might have one final drop to go through before the correction is over; the last leg-down, the final market flush.

When the giants crash, money will flow from the big projects to the smaller ones. We already saw some of this yesterday and today. It is likely to intensify in the coming weeks. The market is mixed, it is not easy to navigate.

Focus on one chart at the time and all is good.

See the trade-numbers below:


➢ SHORT RUNEUSDT

Leverage: 4X

Entry levels:

1) $5.755
2) $5.250
3) $4.880

Targets:

1) $4.555
2) $4.130
3) $3.763
4) $3.211
5) $2.831
6) $2.155
7) $1.951

Stop-loss:
Adjust to your own risk tolerance

Potential profits: 246%

Capital allocation: 3%
___

Remember to do your own research and planning before trading, this is not financial advice.

I am sharing my views and opinions of the chart.

The markets are unpredictable, that's what some people say. This doesn't matter, we can still use our brains to trade... The market can be predicted, the proof is in the charts.

Thank you for reading.

Namaste.