The massive run-up on FUN was incredible, and now the market is giving a gift: a deep pullback to a major support level. This is the exact moment savvy traders wait for to accumulate before the next major leg up.
Don't let the red candles scare youโthis is a high-probability entry zone.
๐ The Bullish Case (Why Buy FUN Now?)
๐น Pullback to Major Support: The price has corrected back to the critical $0.01320 support zone. This is a logical and powerful area for buyers to step back in with force.
๐น Healthy Correction After Rally: A deep correction is perfectly normal after a strong rally. It shakes out weak hands and builds a stronger foundation for the next sustainable move.
๐น Signs of Bottoming: The selling pressure is visibly slowing down as the price hits this key support, signaling a potential reversal is near.
๐น Phenomenal Risk/Reward: Buying at these levels offers an incredible risk-to-reward ratio. You can place a very tight stop-loss while targeting a huge move back towards the recent highs.
๐ The Trade Recommendation:
This is a classic "buy the deep dip" setup at a key support level.
โ BUY: In the current zone of $0.01325 โ $0.01335
๐ฏ TP1: $0.01400 (First area of resistance)
๐ฏ TP2: $0.01500
๐ SL: $0.01300 (A tight stop just below the absolute low)
๐ฅ The Bottom Line: The previous trend was strong, and this deep discount is your chance to get in. Buying at major support levels like this is a professional strategy for capturing maximum profit.
๐ Do you think FUN will make a new high from here? Let me know! ๐
โค๏ธ Like if you're bullish on this reversal, and follow for more trade ideas!