$FUN /USDT BEARISH SETUP: SUPPORT BREAK SIGNALS FURTHER DOWNSIDE!
Price action on the 1H chart reveals a sharp rejection from the 0.005800 level, followed by a consistent downtrend, forming lower highs and testing the 0.004600 zone repeatedly. The failure to hold above this crucial support and repeated wick rejections indicate selling pressure is still dominant.
Trade Setup (Short):
Entry: 0.00463 – 0.00465
Targets (TP):
TP1: 0.00450
TP2: 0.00435
TP3: 0.00420
Stop Loss: 0.00478
Market Outlook:
Momentum favors bears as volume fades on recovery attempts and key support zones fail to hold. If breakdown sustains,
$FUN could retest lower demand zones. Watch for a potential relief bounce, but structure remains weak below 0.00478.
Command: Monitor closely and follow the trend – let the price action lead you, not emotions.
#CryptoTrading #BearishSetup #FUNUSDT #TechnicalAnalysis #BinancePerps $FUN