🚨 FUN surged 27% but shows signs of divergence! Bears gather at the strong resistance zone of 0.027, risk of a sharp decline increases!
Technical Analysis
1. Price Status:
• Bollinger Bands (60.66%): Price is close to the upper band (0.014993), significant overbought pressure, high probability of a pullback.
• MA200 deviation +33.22%: Significantly above the long-term average (0.0105), there is a demand for technical correction.
• Holding cost deviation +31.26%: Most holders are profitable, risk of selling pressure accumulates.
2. Market Strength:
• Volume Shrinkage: 24-hour increase of 27.18%, but trading volume is only 0.57 (below average), divergence warning indicates exhaustion of upward momentum.
• Open Interest Anomaly: 1-hour open interest down 0.47%, long-short ratio drops sharply by 2.67%, bears dominate in the short term.
• Order Book Imbalance: Significant selling pressure (buy-sell ratio 1.50x), near-term sell orders exceed buy orders by 30,968 USDT, suppressing price rebound.
3. Key Levels:
• Resistance: 0.027 (large sell orders of 8.04 million units, worth 217,000 USDT).
• Support: Bollinger Bands middle band 0.0137, holding cost 0.0106.
• Liquidity Trap: Three high-priced sell orders at 0.035/85/625 (total value 4.6 million USDT), forming a "price black hole."
Market Cycle
Mid-cycle correction in a bull market: Short-term surge overdrawing momentum, RSI 48.8 neutral to weak, funding rate -0.003 (bears dominant), entering a technical correction phase.
Trading Strategy
Short-term short (1-3 days):
• Entry: Current price 0.013988 (aggressive) or rebound to 0.0145 (conservative).
• Stop Loss: 0.0150 (break above upper band indicates trend reversal).
• Target: 0.0130 (support level), if broken look at 0.0124 (Bollinger lower band).
• Risk-Reward Ratio: 0.98:1 (calculated per rules).
Risk Warning
⚠️ Extreme volatility risk: If BTC surges suddenly, it may lead altcoins to follow; short positions must have strict stop-loss.
⚠️ Conditions for strategy failure: Price stabilizes above 0.0150 or large breakthrough of 0.027 resistance.
🔔 Operation: Position ≤2%, avoid low liquidity periods (e.g., Asian morning).
> Summary: FUN is severely overbought in the short term, insufficient volume + accumulated selling pressure, it is recommended to short on rallies, closely monitor the 0.0150 risk control line!
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