Title: RUNE/USDT Bullish Continuation Pattern
Bias: Bullish
Description: RUNE is consolidating in a bullish pennant pattern after a significant upward move, typically a continuation pattern.
Direction: Anticipate a potential upward breakout.
Entry: A convincing breakout above the pennant's upper trendline, near $5.3892 (24 SMA).
Stop Loss: Below the pennant's lower trendline around $5.4672.
Targets: First target at $5.7602, with a longer-term view towards $7.00 or above.
Caution: RSI nearing the midpoint suggests to wait for a decisive move. Be wary of false breakouts; confirmation with volume is key.
Bias: Bullish
Description: RUNE is consolidating in a bullish pennant pattern after a significant upward move, typically a continuation pattern.
Direction: Anticipate a potential upward breakout.
Entry: A convincing breakout above the pennant's upper trendline, near $5.3892 (24 SMA).
Stop Loss: Below the pennant's lower trendline around $5.4672.
Targets: First target at $5.7602, with a longer-term view towards $7.00 or above.
Caution: RSI nearing the midpoint suggests to wait for a decisive move. Be wary of false breakouts; confirmation with volume is key.