$FUN Long Trading Strategy
Current Price: $0.019248
1. Trade Thesis:
🔹 Catalyst: Anticipated breakout from consolidation, low float, and rising volume.
🔹 Technical Setup: Price hovering above a key support zone ($0.018–$0.019). RSI (4h) near 45 (neutral), signaling potential reversal.
🔹 Market Sentiment: Growing interest in low-cap gaming tokens; BTC stability above $60k reduces systemic risk.
2. Entry Strategy
🔹 Primary Entry: $0.0190–$0.0192
🔹 Accumulate here, targeting the support floor.
🔹 Aggressive Entry: Break & close above $0.0195 (4h candle) confirms upside momentum.
🔹 Conservative Entry: Limit orders at $0.0187 (fill on wicks).
3. Profit Targets
Scale out profits incrementally:
🔹 TP1: $0.0215 (11.7% gain)
Action: Sell 30% of position.
🔹 TP2: $0.0238 (23.7% gain)
Action: Sell 40% of position.
🔹 TP3: $0.0260 (35.1% gain)
Action: Sell remaining 30%.
Why these levels?
🔹 $0.0215: Previous swing high resistance.
🔹 $0.0238: 1.618 Fibonacci extension from recent swing.
🔹 $0.0260: Psychological resistance + 200-day MA.
4. Stop Loss
🔹 Hard Stop: $0.0175 (9.1% below entry)
🔹 Trigger: Close below $0.0180 (4h candle) invalidates the trade.
🔹 Position Sizing: Risk ≤2% of capital per trade.
5. Trade Management
🔹 Trailing Stop: After hitting $0.0215, move stop to breakeven ($0.0192).
🔹 Re-Entry: If stopped out but price reclaims $0.0195 with volume, re-enter with 50% of initial size.
🔹 Hedging: Pair with a short on correlated weak token (e.g., casino/gaming sector laggard).
Key Risk Mitigation:
🔹 Avoid if BTC drops below $59k (increases altcoin volatility).
🔹 Monitor trading volume: $1M daily volume increases slippage risk.
🔹 News catalyst: Delay entry until after major token unlocks or regulatory events.
Final Reward/Risk: 3.85:1 (TP3 vs. Stop Loss).
Always DYOR. This is not financial advice. 🚀