Oh Why Oh Why Do I Book Profits in RUNE (outside of to put it into cub finance)

in LeoFinance4 years ago

RUNE has a catalyst right now. I mentioned it in my post a few days ago. The mainnet launch which is estimated to be this week and as we have seen with other cryptos price usually rises aggressively into these events.

Obviously past performance does not guarantee future results, but when you are already sitting in the green then mind as well take the shot.

Unfortunately, my diamond hands are only for CUB and LEO. With RUNE, they become paper.

24 Hours Ago It Looked Different...

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So, let me tell you why I sold my position (and luckily bought back 1/3 of it .20 cents lower).

The daily candles on March 26th and 27th were quite bullish pushing price about $2 in two days for a sick percentage move.

Then came the candle on the 28th, a spinning top as I see it. Coupled with the low volume on the green moon candle my thought became; we may see a pullback here and revisit that previous consolidation area of 5.85.

So the cat booked his profits at 6.19 a coin (entry was 5.18) and put in orders at 6.01 (the wicks of that consolidation) and 5.85. We alteast saw 6.01 and 1/3rd of my position was re-entered.

I gotta be honest though, it wasn't just about RUNE. With the 0% deposit fee day going on Cub Finance I wanted to take advantage of that, hence the motivation to free up some funds to get the farmed without a fee.

So a piece of the funds no longer in RUNE is earning me a nice APR, not all is lost if this coin keeps mooning.

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Thats a good outcome. Argh diamond hands! CUB. It will be interesting to see if Rune and CUB work in partnership in the coming weeks with a specialised UI and bridge. Allowing CUB users to pool in Rune/Thor chain pools

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DeFi has basically eaten up any and all fiat I have to invest in crypto... I've been wanting to pick up $RUNE for a while now, but yeah. Maybe there'll be a good opportunity to pick some up soon.

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Yep, I was trading RUNE hard and bigger before CubDefi launched, then majority of funds got funneled there.

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@scaredycatguide as a smart investor that you are...

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That's nice! Rune was actually the first token I ever bought that was not BTC or ETH. I'm quite fond of it.

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Yeah, it is becoming one of my favorites.

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Pretty good
fantastic outcome

Did you pick any RUNE when it was first shilled on Leofinance?

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Wish I had, waited another 4 weeks I think. Was still a decent price though

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I really wish I had the funds to get into Rune when I first heard about it. It seems like it would have been a really great investment. I know it has been doing really well for a lot of people on here. That is awesome that you were able to buy back in at a lower price. A bit lucky maybe. Might be time to hit the casino!

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Ironically, I'll be going tomorrow with my buddies to play some cards for the first time in a while. :-)

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Nice! I am a craps man myself, but I hope you have a blast and you beat the house!

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That was a smart move mate 💪.

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wow nice chart did your dad make? it cuz i want to fuck him now

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