๐Rune is gearing up for an intriguing move. It's currently following a descending channel as resistance and is likely preparing for an upward shift.
๐ Previously, we noticed that demand turned into supply, resulting in a significant price drop. Currently, we have an order block in the 4-hour timeframe, and it's likely that the price will reach this level and initiate a bullish move.
๐ An interesting observation is the price rejection after grabbing liquidity at the OB. However, caution is advised as there's another OB below that the price might mitigate before initiating a bullish move.
๐ If a daily candle closes as a rejection with substantial volume at the OB, it could signal a good trading opportunity.
๐ In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey