$FUN Short Trade Setup

$FUN has entered a short-term bearish zone after failing to maintain upward momentum near the 0.00350 resistance. The price has broken below key minor support, indicating a potential move lower in the near term, especially with overall market sentiment leaning negative.

This setup aims to capitalize on further downside movement, targeting a potential retest of recent support zones.

Short Entry Zone:

0.003350 – 0.003400 (current price range showing selling pressure)

Stop Loss:

0.003520 — placed just above the 24h high and recent resistance rejection. A break above this level could invalidate the bearish setup.

Take Profit Targets:

Target 1: 0.003200 — near recent local low, offering a quick profit-taking level.

Target 2: 0.003050 — a key support zone tested previously during downswings.

Target 3: 0.002900 — strong psychological and historical support, possible if bearish momentum accelerates.

Trade Notes:

Volume spikes during the latest rejection near 0.00350 indicate active distribution. If the price remains below 0.00340 with continued pressure, the momentum could build toward lower targets. Use proper risk management and trail stop after hitting TP1 for a safe ride toward TP2 or TP3.

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