Trading RUNE Futures to get the Blood Pumping!

Last week's sell off made for some big volatility and trading opportunities, however the ride was anything but smooth and the double dip caught alot of traders who got in early.

I can't say it didn't get me a bit as some well timed buys last night turned some bad entry prices into workable positions.

Know the real question is if this bounce has any follow through, like even a second green day is all I'm talking.

Rune Rides Wild...

With the big wick on last Wednesday's candle it looked like a decent time to grab some RUNE especially considering that it spiked through and back above two key levels in the 11 and 9 areas.

I bought some in both these areas only to see a short lived bounce that only had me in the green for a short period. Then the second leg drop come in crypto and RUNE spiked down to nearly 6 dollars.

WHOA, I grabbed more in the 7's while watching my PnL cut nearly in half. Luckily that add has taken my price to a level where I'm not far out of the money, but if we don't see some follow through the Cat may be taking an L.

The best thing I did was keeping my liquidation price below the 4 dollar support level show on the chart otherwise I wouldn't even be in the game on this trade still.

A bounce to the 11-12 area would be good for me and technically is the next upside target. Come on follow through!

Posted Using LeoFinance ^Beta