$RUNE
RUNEUSDT — Testing Critical High-Volume Support Shelf
RUNEUSDT is trading at $0.5794, having declined sharply from the $0.70 resistance area. Price is now retesting the major support shelf between $0.5720 - $0.5820, a high-volume zone that has catalyzed significant bounces multiple times over the past three months. Momentum is deeply oversold on lower timeframes at this key level.
Trade Plan
Entry (Long): $0.5720 - $0.5820 (Accumulate within the established support shelf).
Target 1: $0.6300 (First resistance; recent breakdown level and a prior swing high).
Target 2: $0.6700 (Primary target; resistance confluence and 0.5 Fib of the drop).
Stop Loss: $0.5620 (A break below the swing low and support shelf).
My View
RUNE is at a clear and tested support zone. A bounce from here offers a favorable risk-reward for a move back toward the $0.65-$0.67 range. This is a tactical range-bound play. Failure to hold this level would signal a breakdown of the current structure and likely lead to a test of lower supports near $0.52.
