Honestcowboy

Possible Pump and dump scenario

Corto
BINANCE:RUNEUSD   RUNE
Rune has skyrocketed in price alo as of lately. It now reached a previous resistance point and is falling in price. How far down it is going I can't foresee but I personaly put a trade with a stop loss at 14.200 (above previous resistance zone) and a take profit at 10.6 (this was the point where the market started to go in waves instead of the pump) I have a feeling it might find resistance there but I am not perfectly sure.

Due to the high volatility of this asset it would be wise not to bet too much percent of your capital on this pair as it can move 10% + in one day.

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