💎 Technical Analysis: THORChain ( $RUNE )

Market capitalization: $1.67 billion.
The RUNE chart is in a prolonged downtrend, but a correction is currently underway.

🟡 Price has approached the nearest level that will determine further movement.

How to trade❔

1️⃣ Sell scenario: If price bounces from the level and forms a reversal candlestick configuration – sell.

💬 Place stop-loss beyond the nearest level. Profit target – before the trend minimum. Risk/reward ratio is excellent.

2️⃣ Buy scenario: If price breaks the level upward – buy. Place stop-loss behind the nearest extreme.

💬 Profit target – before the next level above. The exact risk/reward ratio can be calculated when the breakout occurs.

Conclusion:
Universal strategy for breakout or bounce. Wait for price reaction at the level and act according to the situation.

📈 Open trade with $RUNE ‌🔗 Chat • X • HRUMfamily