RUNE: local squeeze with $0.4994 destination
The Macro Picture 🗺️
RUNE unwound from the $0.6372 macro ceiling into a summer base and has reclaimed $0.4356, building higher lows off the $0.3737 local low. Price is coiling just under its local high with the floor intact — a base rebuilding, not a breakdown.
The Setup ⚙️
The Range Floor 🟢
$0.3737 (Local Low) is the demand shelf, with $0.2939 (Macro Support) as the deeper backstop. Both have held, and that's the base this range pivots on.
The Decision Point 🔴
$0.4621 (Local High) is the gate. A daily close above it flips the local structure bullish and opens the path to the $0.4994 measured-move target.
The Roadmap 🛣️
Hold above $0.3737 → break $0.4621 → run toward $0.4994. Invalidation is a clean daily close below $0.2939 — that breaks the range.
This is a GRID Range Play: a defined band to rotate, buying the lower half and scaling out into the breakout.
#RUNE #THORChain #crypto #trading #TA #3Commas #GRID