Trade RUNE in Futures Market at CoinDCX
Issued on: 28th Nov’23
Valid up to 05th Dec’23
Price Update
RUNE price at the time of writing (28th Nov’23, 18:10) is $5.568, with a 24-hour trading volume increased by 36.06% to $349 million. RUNE price is up by 2.30% in the last 24 hours according to coinmarketcap.com.
Analysis
Analyzing the above chart:
- RUNE is currently at incline trendline support level.
- As the trend is upside its expected that RUNE is gonna move up from here by considering stability in BTC price ,RUNE’s- Price action, EMAs and hidden bullish RSI divergence.
- A Long Trading strategy can be assessed between $5.467 – $5.600 with an invalidation below $5.139
- On the upside, one can see a rise of 20-25% toward $5.978, $6.462 & $7.481
- Risk to Reward Ratio: 1:6 (Considering Target 3)
- It would seem that one should maintain a balanced risk-to-reward ratio and check the use of leverage and position size to ride out current market conditions.
Note: RUNE is now available in the futures market in both CoinDCX and CoinDCX Pro apps with up to 15x leverage.
| DATE | TOKEN | Strategy (Long/Short) |
TOKEN RETURN% | TOKEN RETURN % (with 8x leverage) |
BTC RETURN% |
| 30-Oct | GRT | Long | -6.05% | -48.37% | -1.55% |
| 6-Nov | ETH | Long | 13.16% | 105.24% | 2.71% |
| 7-Nov | MKR | Short | -4.70% | -37.60% | 6.48% |
| 9-Nov | BCH | Long | -5.24% | -41.94% | -3.78% |
| 10-Nov | LDO | Long | 7.88% | 63.04% | 0.90% |
| 15-Nov | BNB | Long | 6.75% | 54.00% | 2.90% |
| 17-Nov | NEAR | Long | -5.23% | -41.84% | -1.76% |
| 17-Nov | OP | Short | 11.38% | 91.04% | -0.98% |
| 20-Nov | DYDX | Short | 9.26% | 74.08% | -4.09% |
| 22-Nov | BCH | Short | Trade is live | ||
| 23-Nov | ETH | Long | 3.31% | 26.48% | 0.77% |
| 24-Nov | ACH | Long | 6.95% | 55.60% | 2.06% |
| 28-Nov | IMX | Short | Trade is live | ||
| AVERAGE RETURN | 3.41% | 27.25% | 0.33% | ||
| SUCCESS RATE | 63.64% |
Return % is calculated based on pricing data as available on the platform and is valid for 15 days from the date of publishing.
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