📉
#FUNUSDT Bearish Setup Alert ⚠️
After an explosive move pushing FUN/USDT to a local high of 0.008369, the price is now showing signs of potential exhaustion.
🔻 Technical Analysis Highlights:
1H RSI is currently at 64.52, approaching overbought territory.
MACD histogram is declining after a strong bullish momentum, indicating a potential bearish crossover.
The price has printed a sharp wick on the recent candle, suggesting rejection at higher levels.
Volume divergence may be forming — strong price move up but weakening momentum on indicators.
📌 Bearish Entry Zone: 0.00760 - 0.00780
🎯 Target 1: 0.00690
🎯 Target 2: 0.00635
🛡️ SL: 0.00840 (Above recent high)
💡 Risk Management: Use proper leverage and position sizing. This setup is ideal for short-term scalpers or swing traders expecting a correction after a parabolic run.
Let the chart play out, and always trade with discipline. 🧠