⚡️ Technical Analysis: ThorChain (
$RUNE )
Market Capitalization: $147 million.
On the current RUNE chart, we see that the price is in a sideways channel, holding levels fairly reliably.
How to trade❔
💬 Trading inside the channel probably isn't worth it – the range is too narrow for a comfortable risk/reward ratio. But trading the breakout – that's the play!
💬 We calculate the trade assuming the stop will be placed beyond the extremum, and the profit target before the next level. With a favorable risk/reward ratio, we can enter the trade.
💬 We wait for the price to close beyond the level an