Trade RUNE in Futures Market at CoinDCX
Issued on: 13th Sep’23
Valid upto: 20th Sep’23
Category: Interoperability
Market Cap: $515 Million
Price Update
RUNE price at the time of writing (13th Sep’23, 15:05) is $1.52, with a 24-hour trading volume decreased by 30.82% to $32 million. RUNE price is up by 1.17% in the last 24 hours according to coinmarketcap.com.
Analysis
Analyzing the above chart:
- RUNE USDT has recently consolidated after a period of strong performance and a rally.
- There is anticipation of a breakout to continue the bullish trend, with supporting factors such as volume analysis, EMAs, and Fibonacci level retracement confirmations.
- A Long Trading strategy can be assessed between $1.496-$1.523 with an invalidation below $1.412
- On the upside, one can see a rise of 20-25% toward $1.631, $1.715 & $1.856 (valid for 7 days)
- Risk to Reward Ratio: 1:4 (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.
Last 30 Days Analysis Summary
| DATE | TOKEN | Strategy (Long/Short) |
TOKEN RETURN% | TOKEN RETURN % (with 8x leverage) |
BTC RETURN% |
| 17-August | INJ | Short | 15.53% | 124.22% | -12.06% |
| 21-August | RNDR | Short | -4.64% | -37.12% | 2.66% |
| 22-August | ICX | Short | Not considered | – | – |
| 22-August | BNB | Long | Not considered | – | – |
| 24-August | RUNE | Short | 5.63% | 45.1% | -1.54% |
| 25-August | LDO | Short | -5.02% | -40.15% | 6.04% |
| 29-August | PEPE | Short | -3.78% | -30.23% | 6.25% |
| 1-September | ANKR | Short | Not considered(flat) | ||
| 4-September | 1000SHIB | Short | 7.50% | 60.00% | -1.72% |
| 7-September | SEI | Long | -3.20% | -25.61% | -0.67% |
| 12-September | LPT | Long | Trade is live | ||
| AVERAGE RETURN | 2% | 14% | -0.15% | ||
| SUCCESS RATE | 43% |
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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