$FUN
🧠 Technical Recap
Trend: Bullish structure with higher lows → trend confirmation.
Chart Signal: Clean continuation candles on the 30m chart – strong intraday momentum.
Price Action: Hovering just below resistance ($0.00402), which adds pressure for a breakout.
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📊 Trade Plan Summary
Element Level
Entry Zone $0.00395 – $0.00402
Breakout Confirm Above $0.00405
Targets TP1: $0.00415 TP2: $0.00430 TP3: $0.00455
Stop Loss $0.00385
Support $0.00390
Resistance $0.00402
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🔍 Strategy Insight
Volume is Key: If price breaches $0.00405 without volume, it might be a fakeout. Wait for confirmation with a surge in volume (e.g., 2x average on 5–15m).
Scaling In: Good idea to layer entries within the $0.00395–$0.00402 zone. This gives flexibility and better average entry.
R:R Ratio:
Risk: 10–17 pips
Reward (TP1–TP3): 13–60 pips → Favorable, esp. if targeting TP2+
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🚩 Caution Flags
Be ready for a pullback retest after initial breakout.
Watch BTC/ETH price action — sudden moves could affect alts like $FUN.
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🛠️ Optional Enhancements
Set alerts at $0.00405 and $0.00415.
Consider trailing your stop after TP1 to lock in profits.
