🔻 RUNEUSDT Perpetual Futures – Entered a Short Position! 🔥

I’ve taken a short trade on RUNEUSDT at 1.1994, anticipating a pullback towards 1.1146, with a stop loss set at 1.2310. The market has been struggling to push higher, and I see signs of potential weakness creeping in. Let’s break down this trade setup.

💹 Trade Details:

✅ Entry Price: 1.1994
✅ Take Profit: 1.1146
✅ Stop Loss: 1.2310
✅ Leverage: 10x
✅ Risk-Reward Ratio: ~1:1.5

📊 Key Market Insights:

• Trend: RUNE has seen a decent recovery, but the momentum seems to be slowing down. A series of lower highs could indicate an upcoming rejection.
• RSI (Relative Strength Index): Currently 54.46, suggesting neutral momentum—meaning there’s still room for a downward move before it becomes oversold.
• Volume Activity: Buying pressure has been fading, which could lead to a potential reversal downward.

💰 Estimated Profit & Loss (Based on $100 Investment, 10x Leverage):

✔ Take Profit Hit (1.1146):

• Price Percentage Drop: (1.1994 – 1.1146) / 1.1994 = 7.07%
• With 10x leverage, this results in a 70.7% profit.
• Estimated Profit: +$70.70

❌ Stop Loss Hit (1.2310):

• Price Percentage Increase: (1.2310 – 1.1994) / 1.1994 = 2.63%
• With 10x leverage, this results in a -26.3% loss.
• Estimated Loss: -$26.30

🧐 Trade Outlook:

🔹 If RUNEUSDT fails to break above 1.2000, this short trade could play out well, hitting the 1.1146 target for a solid profit.
🔹 If bulls regain control and push past 1.2310, the short trade would be invalidated, and we might see a continuation higher.
🔹 Break-even level is tight, meaning this trade could move quickly in either direction.

📢 Do you think RUNE will break down from here, or are bulls still in control? Let’s discuss below! 👇🔥