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Where is the bottom for RUNE? by scaredycatguide

View this thread on: hive.blogpeakd.comecency.com
· @scaredycatguide ·
$22.57
Where is the bottom for RUNE?
Well, after the RUNE lending protocol drama last week and the subsequent sell off price finally spiked after a flash crash just below $2.

The coin rallied to $2.87 before beginning to slide again.  Now, we are near the lows again.

### Is $2 the new floor or is there more damage to come???
 https://img.inleo.io/DQmW6DqFEn2JBTCR3m4GVDr5QGPNzsQNqSkAH5VpF7BJFXd/image.png 

Looking at the daily chart you can see cause for concern.

I'm playing it careful here and put on a trade that will stop out if we hot 1.90 as I'm not risking a big loss.  We shall see what happens.


Posted Using [INLEO](https://inleo.io/@scaredycatguide/where-is-the-bottom-for-rune-6bv)
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vote details (281)
@anderssinho ·
$0.02
Its going to be rough for a while. But think that the proposals being layed out shows a way forward.

Some people will be pissed, but Thorchain just need to keep doing what it does best and confidence will comeback.
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@nathalie-s ·
I can imagine the feeling, I would act the same way 
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@russia-btc ·
Honestly I wish this coin would be destroyed - I have nothing but bad memories of everything RUNE related - and I will never stop saying sell this crap and buy more Hive!

![](https://images.ecency.com/DQmSgDxjzNk6Ktr7MWjJx4f4EvfbwMoE8NCRT2Q3367TcA4/xuqatb5.gif)

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