“In the crypto world, candlesticks can speak; the key is whether you know how to listen!”
1. Why did FUN coin suddenly take off?
Shorts are being “beaten up”: funding rate -0.33%, indicating that those shorting have to pay the bulls “protection fees” daily, forcing the shorts to close positions (buy back FUN), pushing the price directly up!
The main force is doing something: the market hasn’t seen significant volume (trading volume hasn’t obviously increased), but the price keeps rising, it’s likely that large players are transferring positions to create a false breakout to attract retail investors to follow.
For example: last month PEPE coin was played like this, first violently pumped up 20%, waiting for retail investors to rush in, then flipped and crashed to cut the leeks.
Great Sage's View:
Such a sharp rise without volume support is likely a “paper tiger”, don’t get too excited chasing highs!
2. How high can it go? Focus on these two signals!
Resistance level: around 0.0045 (previous high psychological barrier), if it fails to break through, it will immediately pull back.
Bollinger Bands: The current price is touching the upper band (UB), but the Bollinger Bands are not opening (low volatility), indicating insufficient upward momentum, and it could turn around at any time.
For example:
It’s like blowing up a balloon; you can inflate it hard (capital rally) but without subsequent air (trading volume), it will pop suddenly.
3. When to short? Remember these two timing opportunities!
Signal 1: MACD white line (DIF) crosses below yellow line (DEA), forming a “dead cross” — downtrend warning!
Signal 2: Price breaks below 0.0040 (current support level), and the 15-minute K-line closes as a bearish candle, confirming a trend reversal.
Great Sage's Strategy:
If tomorrow the funding rate turns positive (bulls start paying), it’s a good opportunity to enter short positions!
“Want to know what the main force will do next?”
Follow me, next time I will teach you how to use the ‘Pending Order Ambush Method’ to catch reversal points!”$FUN #鲍威尔发言