FUN encounters key resistance! Smart funds are withdrawing heavily, with $0.0106 becoming the life and death line for bulls and bears!
Technical Analysis
Price Status:
• Bollinger Bands: Current price $0.009996 is between the upper band ($0.010481) and the middle band (Bollinger position 66.5%), approaching a strong resistance zone.
• MA200: Price is above MA200 ($0.009241) by 8.17%, the medium-term trend remains bullish but momentum is weakening.
• Holding Cost: Above the cost line ($0.00892) by 12.07%, the risk of profit-taking pressure is rising.
Market Strength:
• Trading Volume: 24h volume ratio 0.87 (decreasing), price slightly up 0.01% but lacking volume support.
• Open Interest: 24h perpetual contract open interest plummeted by 45.1%, funding rate -0.00011462 (shorts dominate).
• Smart Funds: Long/short ratio plummeted to 0.8655, major players continue to reduce long positions (8h open interest down 4.78%).
Key Levels:
• Resistance: $0.0106 (seller liquidity pool $242k) → A breakthrough requires huge buy orders.
• Support: $0.00975 (Bollinger middle band), $0.00924 (MA200).
• Order Book: Near-term sell orders exceed buy orders by 105k, selling pressure is 1.68x, significant downward pressure in the short term.
Market Cycle
Bull Market Mid-Correction Phase: The medium to long-term upward momentum (14 days +165%) remains unchanged, but short-term is facing profit-taking and liquidity pressure.
Trading Strategy
Direction: Short-term bearish (1-3 days)
• Entry: $0.0100 (current price) or rebound to $0.0103
• Stop Loss: $0.01065 (breakthrough $0.0106 liquidity area)
• Target: $0.00925 (MA200 support)
• Risk-Reward Ratio: 1.14 (calculated based on short position)
Risk Warning
⚠️ Key Risks:
1. A breakthrough of $0.0106 may trigger a short squeeze, quickly rising to $0.028 (area of $257k sell orders)
2. If tonight's US PCE data exceeds expectations, it may trigger significant market volatility
3. Position ≤2% of total capital, avoid low liquidity periods (e.g., early Asian session)
> Summary: A volume-decreasing rebound meets a key liquidity wall, with shorts dominating, position short below $0.0106, implement strict stop loss to prevent short squeeze!
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